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Plush Greensward hotel and spa in administration
7:40am Tuesday 29th October 2013 in News
A POPULAR luxury hotel and spa has gone into administration.
New owners are now being sought for Greenwoods Hotel Spa and Retreat, in Stock Road, Stock, after Henry Anthony Shinners and Adam Henry Stephens were appointed joint administrators of the business in a High Court ruling.
Inchvolt Limited, based in Moorgate, east London, bought the 17th century, Grade II listed manor house in 1999 and spent two years transforming it into 39-bedroom hotel, state of the art spa and gym, and popular functions venue.
The firm was later renamed Greenwoods Estate and in 2010 became Greenwoods Hotel Limited.
Customers who have booked stays, weddings or events at the hotel are being urged not to worry as “business is continuing as normal”and all deposits will be honoured.
In a statement released to ease concerns, staff at Greenwoods said: “We are taking bookings and planning events and looking forward to celebrating a fun and busy festive season in the next few months. Our spa day and overnight packages are busier than ever.
“We would like to take the opportunity to thank everyone for their ongoing support and look forward to the positive changes this will bring.
“We are hoping to be sold very soon and then finally move forward through this waiting period.”
The joint administrators are hopeful a new owner will soon be found for the business, which is set in five acres of land, after a number of hotel chains came forward.
Greenwoods, which brought in just over £3million during the last financial year, is on the market with commercial property agency Savills for £6.5million.
A spokesman for Henry Anthony Shinners and Adam Henry Stephens said: “The administrators are working closely with Savills to secure a new owner and have already received a number of expressions of interest from hoteliers.
“The business continues to trade and there should be no disruption for users of the hotel and facilities.
“All parties, particularly the hotel staff, are doing their best to bring about a positive outcome.”
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