Von Essen founder’s Hotel Verta goes into administration

Hotel Verta, the new-build London property launched in September 2010 and owned by Von Essen founder Andrew Davis, has gone into administration.

Von Essen founder’s Hotel Verta goes into administration
Von Essen founder’s Hotel Verta goes into administration

Angela Swarbrick and Maurice Moses of Ernst & Young were appointed joint administrators to Hotel Verta and Verta Properties on 26 July 2011 after the hotel failed to service its debts.

Moses said: "The administrators will continue to trade the hotel while looking to sell the business as a going concern." Andrew Thomason remains as general manager.

Earlier this year, Von Essen Hotels went into administration with debts of £250m after breaching its banking terms.

Hotel Verta is one of four properties which did not form part of the administration of Von Essen Hotels. The Forbury in Reading, Llangoed Hall in Powys and Hunstrete House, near Bath, continued to be owned by Davis.

There is no news regarding Von Essen’s 27 country hotels in the UK and one in France, which were put up for sale earlier this year in a process being handled by Christie & Co.

Hotel Verta features seven meeting rooms that hold up to 200 delegates.

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