A four star boutique hotel in Leeds is set to be restored and turned into a “five star experience” after being sold by its joint administrators.
Gareth Harris and Keith Marshall of RSM Restructuring Advisory LLP were appointed joint administrators of hotel company 42 The Calls Limited on February 9 2018, which trades as ‘42 The Calls’.
A spokesman said: “The administrators have continued to trade the hotel since their appointment, but it has now been sold to Simon Pollard, a local investor, who plans to reignite the brand and redevelop the property to transform the hotel into a five star experience in the heart of Leeds.
“The boutique hotel was converted from an 18th century flour mill in the early 1990s and has 18 permanent staff and 41 rooms. All staff will transfer to the purchaser and the hotel continues to trade.”
Gareth Harris, RSM restructuring advisory partner and joint administrator, said: “We are delighted to announce the sale of the hotel to an investor who plans to restore it to its full former glory through a detailed plan of investment – which is great news for the business; its staff; and the wider hospitality sector in Leeds. 42 The Calls was one of the first boutique hotels in Leeds and the plans announced by Simon Pollard should restore it to its five star status.
“We are very grateful for the support of the dedicated staff who have continued to provide excellent customer service throughout this difficult time. The deal will safeguard all jobs and present future opportunities for each employee.”
The joint administrators have been advised on this transaction by Shakespeare Martineau (Andrew Taylor and colleagues) and Sanderson Weatherall (Ian Naylor and colleagues)