Hotel group for high rollers goes into administration
Tuesday, 21 Apr, 2011
0
Upmarket hotel chain Von Essen, which owns the iconic setting for the 1960s Profumo affair, Cliveden, has gone into administration.
Cliveden
The group, which has 28 hotels across the UK and France, has appointed Ernst & Young to tackle the fall out.
However, the hotels will continue to operate as it is the group rather than the individual properties that have run into trouble.
Ernst and Young’s Angela Swarbrick said: “It is business as normal for the hotels and customers of Von Essen Hotels can continue to enjoy their stay.”
It is thought the group has been experiencing difficulties after acquiring a large number of properties in a short space of time. It also relied heavily on high-spending individuals opting to stay in provincial areas and to pay top dollar for it – a tricky strategy during a recession.
Hotel industry insiders believe the hotels will be sold off individually.
by Dinah Hatch
Dinah
Have your say Cancel reply
Most Read
TRAINING & COMPETITION
Posting....
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Hands In, UATP join forces for airline multi-card payments
Overseas travelers to the United States declined by 2.5% in 2025