The latest property run by Von Essen Hotels, which went into administration last year, is to be sold for an undisclosed sum. This will be the 19th sale from the group, with more expected over the next few months.
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.
The founder of the collapsed hotel chain, von Essen, has been accused by its administrators of “exaggerating” the group’s assets. Administrators at Ernst & Young claim that Andrew Davis overestimated the assets of the hotel chain, even after it had gone into administration with debts of nearly £300 million.
Christie & Co have been appointed to oversee the sale of hotel chain von Essen. Consisting of 27 country house hotels, the group is already attracting “huge interest”, according to the brokers.
The founder of the collapsed Von Essen Hotels Group has put his luxury townhouse in Belgravia on the market for £29.4 million, according to reports.
Ernst & Young is reported to have contacted City of London Police after concerns over accounting irregularities at Von Essen Hotels. A loan, thought to be in the region of £30m, is believed to have been spent shortly before the company fell into administration.
Luxury hotel group Von Essen, which owns 28 hotels including some of Britain’s finest castles, has gone into administration with debts of more than £250 million. The collapse comes after a period of rapid expansion for the organisation, with reports suggesting Von Essen has been unable to make repayments on loans.
von Essen hotels is delighted to announce the acquisition of Llangoed Hall Hotel in Brecon, Powys, Wales.
Hotel Verta, situated on the Thames at Battersea has launched. Home to London’s only commercial heliport, the property is part of von Essen hotels and is a departure from the norm, offering a unique hotel experience to leisure and business guests coming to London.