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Birmingham Post
Birmingham Post
Business
Jon Robinson

Potential buyers circle landmark four-star hotel in administration

Potential buyers are circling a landmark four-star hotel in Southport which collapsed into administration earlier this year.

Administrators from James Cowper Kreston have received "a number of expressions of interest" in taking over Bliss Hotel after the deadline for bids expired on Friday, December 9.

Paul Davies and Sandra Mundy, who are the joint administrators of Waterfront Hotels (Southport) Limited and Waterfront Southport Properties, added they are pursuing the bids and will give further updates "in due course".

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The announcement comes after BusinessLive reported how more than £18m was owed to creditors when the hotel entered administration.

Bliss Hotel remains open and none of the 90 members of staff have been made redundant.

The hotel, which is located on Southport’s waterfront next to the planned Marine Lakes Events Centre, was put on the market at the end of September.

It includes 131 bedrooms and penthouses, a lounge bar, restaurant, roof garden, gym, conferencing and events space, as well as secure underground car parking for 120 cars.

According to documents with Companies House, Waterfront Southport Properties Ltd owed £18.2m to its creditors when it entered administration.

More than £16.2m of that was due to ICG-Longbow Senior Secured UK Property Debt Investments Ltd - the charge holder which forced the two businesses into administration.

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