Two Welsh hotels owned by under fire entrepreneur Gavin Woodhouse have gone into administration.
The high court appointed Philip Francis Duffy and Sarah Helen Bell, of Duff & Phelps Ltd, as administrators of Caer Rhun Hall in the Conwy Valley and Fourcroft Hotel in Tenby.
The hotels both remain open and continue to trade in administration.
They are both owned by Gavin Woodhouse's company Northern Powerhouse Developments(NPD).
In recent weeks
A probe was started into the finances of NPD after insolvency practitioners Duff & Phelps were appointed interim managers by the High Court.
The Serious Fraud Office is also considering whether to This followed a referral by Labour MP John Mann, a long-standing member of parliament’s Treasury select committee.
A spokesman for Duff & Phelps confirmed the appointment of Phil Duffy and Sarah Bell as administrators.
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They said both hotels are continuing to trade while a buyer is sought.
The website for Northern Powerhouse Developments no longer exists and the previous press contact said they were no longer working with the company.
Gavin Woodhouse has previously denied doing anything wrong.
He has said: "I am unable to comment in detail on matters that are the subject of ongoing court proceedings.
"I hope to address the issues raised publicly when I am able to do so."
Caer Rhun Hall dates from 1895 and was built for a Major-General Gough, who was Lieutenant Governor of Jersey between 1904 to 1910.
Ronald Anderson founded an accountancy school at the site nearly 70 years ago but this closed in 2015 and the site sold to NPD by his son John Anderson.
Fourcroft Hotel was bought by NPD in 2017. The hotel is part of a Georgian terrace, built between 1830 and 1832, that occupies a prominent clifftop position in the seaside town.