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Posts Tagged ‘Ernst and Young’

Luxury hotel part of £200m sell-off

Sunday, June 12th, 2011
Ickworth Hotel and Apartments Bury St. Edmunds

A PRESTIGIOUS hotel has been put on the market as part of multi million pound sell-off of venues after their holding company went into administration.

The Ickworth Hotel and Apartments Bury St. Edmunds, in Horringer, is one of 26 hotels being marketed by agents Christie & Co on behalf of the administrators of von Essen Hotels Limited.

The collection is priced at about £200 million and the firm has received expressions of interest for the whole portfolio and ‘some of the high profile individual assets’.

A spokesman for Ernst and Young, which has appointed Alan Bloom, Chris Marsden and Angela Swarbrick as joint administrators, said it was ‘business as usual’ for the hotels, their staff and customers.

The hotels, which include castles and stately homes, have been classified in the sale as being of three types – classic, luxury family and country.

The Ickworth Hotel and Apartments Bury St. Edmunds, based in the east wing of Ickworth House, … Read the rest

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