Christie & Co appointed to sell Von Essen Hotels portfolio

Christie & Co has been appointed to sell the Von Essen Hotels portfolio in the UK.

Dalhousie House in Edinburgh
Dalhousie House in Edinburgh

The sale of the hotels – which comprise 27 properties across the UK – follows Barclays and Lloyds Banking Group forcing Von Essen hotels into administration on 21 April after it failed to make interest payments on £250m of borrowings.

Ernst & Young’s Alan Bloom, Chris Marsden and Angela Swarbrick were appointed as joint administrators to Von Essen Hotels, the holding company of the collection of private hotels.

The portfolio includes hotels such as Cliveden, in Berkshire and Dalhousie House in Edinburgh and is expected to fetch around £200m.

Christie & Co managing director Chris Day said interest from the UK and overseas buyers would be "intense".

"Given the history and international reputation of these hotels we anticipate considerable interest from potential buyers who have already been in contact to try and secure some or all of this famous collection of hotels," he added.

The hotels have continued to trade since Von Essen Hotels went into administration as the individual companies holding the properties were not part of the administration.

First bid stage for the properties is expected to take place in mid to late July.

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