21 May 2009
Administrators of Shendish Manor appointed

David Crawshaw and Jane Moriarty of KPMG have been appointed as joint administrators of Shendish Manor, near Hemel Hempstead, which will be sold through international real estate advisers Savills.

Shendish Manor is a  70 bedroom country house hotel with an 18 hole golf course, close to the M25. It has recently been refurbished and, in 2007, a new hotel wing was completed with 52 further standard double rooms  to complement the 18 suites within the main house. There are extensive conference facilities including a suite to accommodate up to 450 people, a bar/lounge and a restaurant. The hotel employs around 80 full and part-time staff.

David Crawshaw, joint administrator and partner at KPMG said: "The business has experienced a difficult trading period due to the current economic climate and the current structure of the company is no longer sustainable. Trade is continuing as normal while the business is marketed and the assets put up for sale. It is anticipated that all deposits for bookings will be honoured by a new purchaser."

Specialist hotel agents, Savills, have been instructed to offer the hotel to the market. Paul Barrasford, director at Savills in Oxford said: "Economic conditions remain difficult but we have certainly seen a marked increase in the number of hotels for sale in recent months. Given the strong location, scale and business potential on offer at Shendish Manor we're anticipating significant interest in this opportunity."