Arinza Star Hotels goes into administration
John Whitfield of the Global Restructuring Advisory practice at financial advisory and investment banking firm Duff & Phelps, has been appointed administrator of Arinza Star Hotels.
The Company owns two properties - The Mill Hotel based in Croston, Lancashire and The Miraj Hotel and Leisure Club located in Ashbourne, Derbyshire.
The administrator is currently reviewing the financial position of the Company with a view to completing a sale of the two hotels.
The businesses trading at each hotel are independent of the Company.
Whitfield stated: “The two hotels are open for business and trading as usual under the current management.
“Any queries regarding functions and bookings should be directed to the respective hotel in the first instance.
“The Joint Administrators’ intention is to undertake a comprehensive review of both hotels, meanwhile, both management teams continue to trade their businesses,” he concluded.