Methodist Guild Holidays Ltd, trading as Christian Guild Hotels with sites in Leicestershire, St Ives and Exeter, and a subsidiary events venue, has gone into administration through FRP.
Yasmin Bhikha and John Lowe of FRP Advisory have been appointed as Joint Administrators to manage the affairs, business and property of the companies after both suffered sustained cashflow difficulties since the start of the pandemic.
The 55-bed Hothorpe Hall, a wedding and entertainment venue near Theddingworth in Leicestershire, is a subsidiary of the group, and all 30 members of staff remain furloughed.
Sidholme Hotel near Exeter and Willersley Castle in Matlock, a Grade-II listed building in Derbyshire, were permanently closed during the first national lockdown, which just leaves The 39-bed Treloyhan Manor Hotel (pictured), a 19th century manor house in St Ives.
Yasmin Bhikha, director at FRP and joint administrator, said, “Like much of the rest of the UK hospitality and leisure sector, Methodist Guild Holidays and Hothorpe Hall have seen their ability to operate severely restricted by the pandemic, which has led to financial difficulties and need for restructuring.
'The administration provides some protection as we explore options to secure a future for the hotel group. We have launched a marketing process to find investors and are having conversations with interested parties.”