Hotel Verta goes into administration

15th Aug 2011
Hotel Verta goes into administration

Hotel Verta, located on the south side of the River Thames, opposite Chelsea Harbour Pier, has gone into administration.

The £50 million luxury hotel was opened by von Essen Hotels last September.

However, von Essen has itself gone into administration, with agents Christies & Co presently accepting bids for the 26 properties and one hotel opportunity in the chain.

Ernst & Young was appointed as the administrator of Hotel Verta on July 26th.

The hotel, which sits alongside the London Heliport in Battersea, will continue to run as normal while new owners are being sought.

Maurice Moses and Angela Swarbrick, joint administrators from Ernst & Young, said: “The administrators will continue to trade the hotel while looking to sell the business as a going concern.

“The affairs, business and property of the companies are being managed by the Joint Administrators who act as agents of the companies and contract without personal liability.”

Luxury chain von Essen went into administration in April with debts of £250 million.

However, four properties – including Hotel Verta - were not part of the administration deal and continued to be owned by von Essen founder Andrew Davis.

Hunstrete House was also among those left out of the administration deal, but went into voluntary liquidation in May.

Christie & Co said earlier the deadline for bids on von Essen properties would be extended until August 19th.

The decision was taken in order to allow the agents to sort through the “sheer weight” of offers already received.


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