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.