Immediately following the administration appointment, the hotel’s business and assets, including the 53-bedroom Carmelite boutique hotel, located in Aberdeen’s Merchant Quarter, and the Carmelite brand, were sold as a “going concern” to Concordia Hospitality Limited.
Elliot said: “Unfortunately, the business experienced a significant reduction in turnover over the last two years – principally due to the downturn in the oil and gas sector – which resulted in cash flow difficulties.
“However, I am pleased to confirm that, immediately after our appointment, a sale of the business and assets of the hotel was concluded.”
She added: “This has resulted in the Carmelite Hotel – which is a popular venue for weddings, functions and events – remaining open and all 56 employees retained, which minimises disruption to customers.
“We’re thankful to staff and guests for their ongoing support at what has been a challenging time.”
Leonard Curtis Business Rescue and Recovery is part of Leonard Curtis Business Solutions Group.