Von Essen goes into administration with £250m debts

Von Essen Hotels has gone into administration with debts of £250m after breaching its banking terms.

Von Essen goes into administration with £250m debts
Von Essen goes into administration with £250m debts

Ernst & Young’s Alan Bloom, Chris Marsden and Angela Swarbrick were today (21 April) appointed as joint administrators to Von Essen Hotels, the holding company of a collection of 28 private hotels based in the UK and France.

The hotels are not in administration and they will continue to trade as usual.

Swarbrick said: "The funding vehicle [went into administration after it] breached its bank covenants. It is business as normal for the hotels and customers of Von Essen Hotels can continue to enjoy their stay."

She added that it is too early to report on the possibility of staff cuts.

Earlier this year, Von Essen announced it was planning to expand through acquisition and enhanced services in the coming year.

The chain last month appointed Charles Prew to the newly created role of chief executive officer.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Case study: DHL's employee of the year event in San Francisco

Case study: DHL's employee of the year event in San Francisco

Part five of our State of the Industry: Corporate Report is an in-depth look at DHL's big three-day event for its staff.

5 hotels for inspiring incentives in Italy

5 hotels for inspiring incentives in Italy

Our pick of elegant Italian getaways for exciting activities, captivating cuisine and stunning scenery.

UK businesses spending 22% more on incentive travel

UK businesses spending 22% more on incentive travel

Research also finds increased investment in employee experiences worldwide, in response to concerns for wellbeing.

How to use live events to revitalise a brand

How to use live events to revitalise a brand

Any product can be given a new lease of life with the right kind of event, says UKSV's Neil Coombes.

Popular and emerging destinations for corporate events

Popular and emerging destinations for corporate events

Part four of the State of the Industry: Corporate Report asks which cities are favoured by event planners.

In pictures: C&IT US Forum 2019

In pictures: C&IT US Forum 2019

Event planners from North America came to Chewton Glen for two days of meetings, content sessions and activities.

Case study: Avon's Circle of Excellence 2019

Case study: Avon's Circle of Excellence 2019

Venues and Events International organised a 'once in a lifetime' trip to Monaco and the Champagne region of France.

New client account manager for Brands at Work

New client account manager for Brands at Work

With seven years of events experience, the agency's most recent hire will develop new client relationships.

The top challenges for corporate event planners

The top challenges for corporate event planners

Part three of the State of the Industry: Corporate Report finds the biggest hurdles include measuring the ROI of events.

Dear C&IT: Venues must be more reasonable

Dear C&IT: Venues must be more reasonable

Charging significantly more for special dietary requests is bad practice, argues Inntel's Douglas O'Neill.

LATEST JOBS