Administrators sell Plymouth hotel Kitley House to new owners
BRIDES planning spring weddings at Kitley House Hotel at Yealmpton near Plymouth can relax.
The hotel, which had been in administration since August,
has been sold, but will carry on trading without a break.
The business was sold for an undisclosed sum to the newly-formed Yealmpton Hospitality Ltd by the administrators, Ian Walker and Christopher Norman of corporate rescue and recovery specialists Begbies Traynor.
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The Grade One-listed building is over 500 years old, and is a popular venue for weddings and other celebrations.
The administration enabled the hotel to continue trading, ensuring that wedding bookings already made were honoured.
Ian Walker, of Begbies Traynor, said: "I am delighted we have been able to preserve jobs, and that this lovely venue will continue to be available for lots of future brides for their special day."
The directors of Yealmpton Hospitality Ltd say they were drawn to the hotel by its unique location, its reputation for warm and personal service, and its strong position within the weddings and functions industry.
In a statement they said: "Yealmpton Hospitality Ltd looks forward to welcoming both new and old acquaintances to the historic Kitley House Hotel. With over 40 years' hotel experience and an investment plan for the hotel and grounds starting in the new year, we are committed to establishing Kitley House as the premier destination for weddings and functions in South Devon."
General manager Andrew Huckerby was unable to reveal details of the deal or future investment plans.
But he confirmed that none of the 35 full and part-time staff have lost their jobs or would lose their jobs, and said the hotel was continuing to run "flat out" despite the change of ownership.