Jobs saved after sale of historic Berkshire hotel
Almost 60 jobs have been saved at a hotel group after two of its venues, including a grade II-listed property in Newbury, were sold.
The deal, which came after administrators were appointed to Heritage Properties & Hotels Ltd last month, is expected to "preserve the businesses for the long term".
Danny Dartnaill and Simon Girling, restructuring partners at BDO, were called in as joint administrators on 31 October 2014.
Heritage Properties & Hotels owned and operated three hotels, including the Newbury Manor Hotel in Berkshire.
The group also owned Churston Court, a grade I-listed manor house in Brixham, and The Park House Hotel, which is based in two 17th century country properties outside Shifnal in Shropshire.
A statement from BDO confirmed that Churston Court and the Newbury Manor Hotel have now been sold to third party.
"I'm delighted that we have been able to find buyers for Newbury Manor Hotel and Churston Court Hotel, saving 59 jobs and preserving those businesses for the long term," said Danny Dartnaill.
"The purchasers have agreed to honour all venue and event bookings, including weddings, to ensure that there is minimal disruption to client."
Administrators have continued to trade The Park House Hotel and vowed that it is "business as usual". They added that negotiations with a potential buyer were "at an advanced stage".
Dartnaill added: "The joint administrators will try to honour all prior venue and event bookings at The Park House Hotel, and we are working to ensure that any weddings or functions scheduled in the next few weeks can go ahead with little or no disruption."