City Retreats, the property company whose building houses Leeds boutique hotel The Ellington goes into administration
Luxury Leeds boutique hotel The Ellington has been put up for sale after its owner City Retreats Management was placed into administration.
The 35-bedroom hotel, which opened in the city`s financial district in September last year, was taken over by joint administrators David Whitehouse and Steven Muncaster of MCR on February 23.
In a statement, MCR said the hotel would remain open while the administrators sought a buyer. Its operator Pantin Hotels, who has confirmed it is not in financial difficulties, will continue to manage the hotel throughout the process.
A spokesman for MCR said: “Ellington is a high quality boutique concept which has been impacted by the credit crunch but we are confident of finding a buyer as the product is strong.”
Also placed into administration on the same day was City Retreats Commercial, the operator of the Leeds based Floridita Nightclub, a 500 capacity venue with a 120 cover restaurant. MCR said it was currently reviewing that business.