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Gravetye Manor owners make bid to buy business back

By Emma Eversham , 21-Jan-2010

Related topics: Venues

Gravetye Manor's last owners Andrew Russell and Mark have pledged to do all they can to take back control of the West Sussex hotel and restaurant after it was placed into administration earlier this month.

Gravetye Manor: Russell and Raffan want to save it from administration

Gravetye Manor: Russell and Raffan want to save it from administration

Gravetye Manor’s last owners Andrew Russell and Mark Raffan have pledged to do all they can to take back control of the West Sussex hotel and restaurant after it was placed into administration earlier this month.

 

The pair, who took over the running of the 18-bedroom hotel and restaurant in East Grinstead in 2004, had no option other than to place the business in administration after they were unable to reach an agreement with their bank over finance. The business was taken over by administrators for PricewaterhouseCoopers on 4 January.

 

Russell told BigHospitality: “Mark and I are truly devastated as to what has happened, especially since it has been part of our lives for so long. Still, we are making a bid to get it back – fingers crossed.”

 

Following the news of administration, Russell and Raffan received more than 250 letters of support from customers. Russell said many fellow hoteliers and members of the trade had also expressed their sorrow at the news.

 

In a comment posted on BigHospitality Russell said he was ‘deeply touched by the outpouring of good wishes’.

 

PricewaterhouseCoopers have been running Gravetye Manor since 4 January. A spokeswoman for PwC said many parties had shown interest but no offers had been accepted.

 

Russell and Raffan both worked for the Herbert family, former owners of Gravetye Manor, for 17 years each before buying the business in 2004.

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