# Waldorf Hotel Investment Limited (04216905)

> Why UK company 04216905 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04216905

- **Status:** Administration ended
- **Administration began:** 2011-05-05
- **Administrators:** Richard Dixon Fleming, James Robert Tucker
- **Administrators' firm:** KPMG
- **Formerly:** RBS Hotel Investments No 10 Limited
- **Incorporated:** 2001-05-15
- **Location:** London
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Property / lease costs

## From the administrators' statement

The Secured Creditors entered mto a facility agreement with Choicezone in November 2007 to part fund the purchase of the Hotel

Waldorf owns the freehold of the Hotel which 1s subyect to a 30 year lease (20 years unexpired) to Adda Hotels Limited (a Hilton Group company) Under the lease a variable rent, calculated with reference to EBTDAR, 1s payable The lease 1s not affected by a change of ownership or an insolvency of Waldorf

The 2007 purchase transaction saw £175 million paid plus costs funded by £111 million of secured bank debt and some £65 million unsecured intercompany debt provided by Muirgold Limited (a conporate unde: the ultimate ownership and control of the Director the ultimate owner of Chorcezone)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04216905/filing-history/MzAzOTkwODIyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04216905

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.