Park Regis Birmingham LLP (OC370268): administration
- Status
- Administration ended
- Administration began
- 2016-08-17
- Administrators
- Paul Stanley, Gary Norton Lee
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-11-29
- Location
- Guildford
Why it went into administration
- Property / lease costs
From the administrators' statement
The Partnership was incorporated in November 2011 with its principal activity being to undertake the refurbishment of Auchinleck House at Fiveways, Birmingham as a hotel and to enter into a lease with a tenant who would be occupying the property and operating it as a hotel and paying rent as agreed under the terms of the lease
An operating lease was granted to Auchinleck House Management Limited (‘AHML’), a wholly owned subsidiary of the Partnership, and both the Partnership and AHML were party to a Management Agreement with StayWell Hospitality Management Limited (StayWell) in relation to the operation of the hotel
The refurbishment of the hotel, branded as Park Regis Birmingham, was completed and the hotel commenced trading at the end of March 2016
Administrators' statement of proposals (2016-10-19) · Companies House register