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Liverpool Echo
Liverpool Echo
World
Jon Robinson

Potential buyers eye four-star Merseyside hotel after administration collapse

A number of potential buyers have expressed interest in snapping up a landmark four-star hotel in Southport that is in administration.

The companies behind Bliss Hotel are being overseen by advisory firm James Cowper Kreston after entering administration at the end of September.

Paul Davies and Sandra Mundy, who are the joint administrators of Waterfront Hotels (Southport) Limited and Waterfront Southport Properties, said they are pursuing the bids and will give further updates "in due course". The deadline for bids expired on Friday, December 9.

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The announcement comes after it was 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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