Deadline day for bids to buy Booth hotels

Reporter:

Andrew Boyd

BIDS are continuing to be placed for businesswoman Stephanie Booth’s hotels ahead of the final deadline.

Today is the cut-off point for best and final offers for the Llangollen Hotels Group, with four hotels having been up for sale since the group’s parent company, Global Investment Group, entered administration last month.

Selling agents Colliers International will meet on Friday to discuss the bids for The Chainbridge, The Wild Pheasant and Bryn Howel in Llangollen and Bodidris Hall, Llandegla, as the takeover process gathers pace.

Neil Thomson, director of Colliers International, said: “There’s been strong expressions of interest for all our hotels and the group.

“We are still continuing to receive offers and we are heading towards a very positive outcome. We will sit down and discuss the offers on Friday.

“The progress we have made in just a few weeks is very pleasing.”

Mr Thomson confirmed the hotels will continue trading when they are purchased.

He said it is still possible the Llangollen Hotels Group could be sold collectively rather than individually, which had previously been reportedly as the most likely option.

“We have received offers for both the individual hotels and the group as a whole,” he added.

The company hopes to be able to issue an update on the situation next week, when it is expected to become clearer who the likely new owners may be.

All four hotels reported trading profits in 2010-11 but no valuations have been released for them.

More than 100 staff are employed at the four hotels, which have continued to operate despite the shock closure of The Wynnstay Arms Hotel, Wrexham, early last month.

Two other hotels, The Chester Bridge Hotel, Chester, and The Anchor Hotel, Ruthin, are in the hands of landlords.

Other aspects of Mrs Booth’s empire also closed, including branches of The Fantastic Fun House children’s play areas.

The hotels are currently being run by Convivial Management and are in the hands of administrators KPMG.

See full story in the Leader

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