From the administrators' statement

PHB and PBL were incorporated on 1 June 2006 and 18 July 2006 respectively. PHB acquired The Paragon Hotel, 145 Alcester Street, Birmingham, West Midlands 812 OPJ (“the Hotel”) with funding provided by Clydesdale Bank Plc (“the Bank”). PBL 1s the holding company of PHB and holds 100% of the share capital issued in PHB

The Hotel compnses 250 bedrooms and historically benefitted from strong leisure and business revenue streams.

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PHB Realisations 2013 Limited (05834739)

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