Wiltshire hotel seeks new owner after being placed into administration
Joint receivers Greg Palfrey and Steve Adshead from the South Coast office of accountancy and investment management group Smith & Williamson have employed a management team, used to turning around struggling hotels, to oversee operations at the hotel while a buyer is found.
Palfrey said: "The previous owner, like so many in the hotel industry, was affected by the economic climate. However, there is potential here to build up an excellent business."
Bookings for the hotel and its conference rooms remain unaffected by the move and Palfrey said the management team would be doing everything to 'lay down foundations for a thriving hotel' for its new owner.
The hotel, situated between Salisbury and Amesbury on the A345, is close to the High Post Business Park and the Salisbury Research Triangle.
