Andrew Davis' Hotel Verta now in administration

By Emma Eversham

- Last updated on GMT

Related tags: Von essen, Hotel

Hotel Verta is looking for a new owner after going into administration
Hotel Verta is looking for a new owner after going into administration
Hotel Verta, the London property owned by Von Essen founder Andrew Davis, has gone into administration.

Administrators Ernst & Young were appointed to take over the 70-bedroom Thames-side hotel on 26 July.

Launched in September last year, the hotel was Von Essen's first new-build hotel and was one of four properties which remained under Davis' control after Von Essen Hotels Ltd went into administration in April​.

Maurice Moses, adminstrator at Ernst & Young said the hotel would continue to trade as normal while they looked to sell the business as a going concern.

Von Essen collapse

Hotel Verta, The Forbury in Reading, Llangoed Hall in Powys and Hunstrete House near Bath were not placed into administration with the rest of the Von Essen group of hotels when the company was placed into administration. Hunstrete House ​has since gone into creditors voluntary liquidation.

Property agents Christie & Co are currently sifting through more than 200 bids for the 26 Von Essen hotels and a hotel opportunity that became available with the collapse of the company.

Christie & Co were not able to confirm if they would also be handling the sale of Hotel Verta.

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Hotel Verta, a £50m luxury hotel opened by von Essen last September, has gone into administration.

Posted by Jasmine Piracha,

How come a 70 room hotel in Battersea was worth 50m£, this is beyond even rosiest of valuations for a property like this. I think between 20-22 is more likely to be realized. Those responsible should be brought to task. The banks will now need to take a big hit and tax payers will cough up the difference since the banks are owned by the tax payers.

They are not even eco conscious, Tom Robbins yesterday under 'From bicycle to boardroom' wrote: As recently as a year ago, when I chained my bike outside the Hotel Verta in Battersea, the management were so appalled they threatened to smash off the lock to remove it; a few weeks back, I arrived by bicycle at the Dorchester on Park Lane to be greeted by a top-hatted doorman who took my bike with a smile and valet-parked it.

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Wealthier than The Queen

Posted by Mr Micawber,

One wonders why The Sunday Times valed his at £250 net, wealthier than The Queen, in 2007 in their Rich List which was sponsored by ... oh, von Essen Hotels.

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You cannot run a Battersea Hotel with a Dorchester approach!

Posted by D. Warne,

I think Andrew Davis was too naive to entrust the management of these hotels to a very ambitious group of professionals who treated these investments as real estate investments not as hotel. When money was easy and coming in freely he had a great time, but when money dried up he soon realised that the party is over.
Every year his annual accounts would showed his equity around 200 m plus in the hotels, early this year unaudited version of annual accounts had similar numbers and was sent to all his business acquaintances.
Each room was valued at 500 K and a huge good will with 72 m profits, except his 'smart bankers' even a layman knew that this is house of cards all set for implosion. Sad to see his departure from the scene, but constructive destruction through administration is a part of the corporate ethics of proper governance. Someone should run this hotel like their next door success story 'The Rafayel 'as a Battersea Hotel, that establishment has emerged as a community cultural and gastronmique centre of Battersea.

Think Battersea when you are of the South of the river, we call it the sunny side of London.

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