UK Group of Hotels enters administration

The Hotel Collection claims 'business as usual' after parent company UK Group of Hotels enters administration.

UK Group of Hotels enters administration
UK Group of Hotels enters administration

Duff & Phelps has been appointed to restructure the hotel group's banking facilities and stated that the process will affect none of the subsidiaries of the hotel company, which includes The Hotel Collection, formerly known as Puma Hotels, with all properties continuing their day-to-day operations as normal.

Duff & Phelps added that existing bookings will be honoured and supplier relationships will continue.

A statement from The Hotel Collection said: "The administration of UK Group of Hotels Plc (previously Puma Hotels Plc) has no effect on The Hotel Collection and for us it is business as usual.

"There will be no changes to staff, suppliers or vendors. This development in fact leaves The Hotel Collection well positioned to optimise its market position, initiate strategic investments to upgrade its portfolio and pursue targeted growth opportunities."

Puma Hotels rebranded to The Hotel Collection in June, with CEO Fred Korralus saying the group had "acheived strong revenue growth, predominantly driven by the resurgence in the meetings and events market."

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