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Luxury spa on market following cash crisis
7:30pm Tuesday 22nd October 2013 in Local News
A 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 Ltd, based in Moorgate, east London, bought the 17th century, Grade II listed manor house in 1999 and spent two years transforming it into a 39-bedroom hotel, spa and gym, and popular functions venue.
The firm was later renamed Greenwoods Estate and in 2010 became Greenwoods Hotel.
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, planning events and looking forward to celebrating a fun and busy festive season in the next few months. We are hoping to be sold very soon.”
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 Savills for £6.5million.
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