News > Business

Pizza Express founder's hotel goes into administration

By Emma Eversham , 20-Feb-2009

Related topics: Business

The Great Northern Hotel, bought by Pizza Express founder Peter Boizot in 1993, is put on the market by administrators after the entrepreneur falls victim to the credit crunch

Pizza Express founder's hotel goes into administration

A buyer is being sought for Peter Boizot`s Peterborough hotel The Great Northern after it was placed into administration. 

The hotel , adjacent to the town`s railway station, was bought by Pizza Express founder Boizot in 1993, but he was forced to appoint administrators Tenon Recovery on February 4, blaming the economic crisis for the business`s demise. 

 

Joint administrators Tim Dolder and Colin Wilson said the 35-bedroom hotel was continuing to trade while they sought a new owner, in the hope that it could save jobs.
  
They have appointed agents Christie & Co to sell the freehold for offers in excess of £2.6m. Best and final bids must be made on or before March 16.

 

Tim Gooding of Christie Co said “The Great Northern Hotel is a Peterborough landmark and is held in great affection locally. There has been a significant amount of interest expressed already and we are hopeful of generating a number of bids for this established business.”

BigHighlights

Mark Poynton: Pearls of Wisdom

Mark Poynton: Pearls of Wisdom

The British chef-patron of the Michelin-starred Alimentum and star of Great British Menu Mark Poynton talks about...

Interview with Glendola Leisure's Alexander Salussolia
Small Talk

Alexander Salussolia on Silk & Grain, market niches and nurturing future talent

Managing director of Glendola Leisure Alexander Salussolia joined the company in 1992 as an area manager, before...

60-Second Skill: Using #foodporn to your advantage

60-Second Skill: Using #foodporn to your advantage

Customers posting pictures of your food on social media is a trend you can't escape, but by...

Gallery: the UK’s first experiential craft brewery Drygate Brewing Co.

Gallery: the UK’s first experiential craft brewery

New Glasgow venture Drygate Brewing Co. claims to be the UK’s first experiential craft brewery, offering a...

Hospitality Openings: June 2014

Hospitality Openings: June 2014

Our latest round of up of the hottest hospitality openings includes Heston Blumenthal’s Heathrow venture The Perfectionists’ Café,...

60-Second Skill: Pouring champagne

60-Second Skill: Pouring champagne

As demonstrated at the Moet UK Sommelier of the Year competition, champagne pouring requires skills and knowledge....

Find us on Facebook

Digital Edition - Restaurant Magazine

Access to the Restaurant Magazine digital edition