The Lumley Castle Hotel, which has stunning views and luxurious accommodation, is now secure for the future after financial difficulties.
Joint administrator Oliver Collinge is pleased to have secured not only the future of all employees, but also all future weddings and events that would have had to be canceled if the hotel had closed.
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The rescue deal now means Lord Scarbrough and the trustees of Lumley Castle will return to the helm of the historic 14th century building.
Lord Scarbrough and his trustees, the castle’s owners, have teamed up with Bespoke Hotels to take the iconic hotel into its next chapter.
“Maintaining this wonderful hotel and the team at Lumley Castle is our priority,” said Lord Scarbrough.
“Lumley Castle was our family home for many centuries and despite the best efforts of the previous tenants who had built a successful business over the years, the current structure was found to be unsustainable and therefore I agreed to my trustees to take over the property and purchase it from joint managers Oliver Collinge and James Sleight of PKF GM, ensuring one of the county’s premier hotels continues to be a major destination for guests, weddings and conferences.
The hotel building has 73 rooms, also has wedding and event rooms and is famous for its medieval banquets and its own escape room.
Thomas Greenall, CEO of Bespoke Hotels, said: “We are delighted to be managing Lumley Castle Hotel on behalf of the new business owners.”
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“It is a truly outstanding hotel in a wonderful location.
“We look forward to working with the hotel team to continue to offer a fantastic welcome to visitors to this beautiful part of the country, whilst playing an important role in the local community.”
Co-administrator Oliver Collinge of PKF GM added: “This was a challenging transaction completed within a short timeframe and we are pleased to have achieved an outcome that preserves this historic business, ensuring continuity for all employees and whatnot More importantly, it ensures continuity of the company to facilitate future weddings, events and room bookings.”