The company behind Somerset hotel Best Western Plus Centurion has collapsed into administration.
Mark Boughey and Tim Ball from the Bristol office of tax, audit and advisory firm Mazars have been appointed joint administrators of L&F Jones Holdings, which operates the hotel, as well as a health club, nine-hole golf course, and two convenience stores.
The business has an annual turnover of around £3.5m and 65 employees.
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The administrators said the 45-bedroom hotel, in Radstock, had been ”adversely impacted” by the Covid-19 pandemic.
The businesses, which are being put up for sale, will continue to trade under the supervision of the administrators, Mazars said.
Ed Bellfield, South West regional director of Christie & Co’s hospitality team, has been appointed to assist the administrators with the marketing and sale process.
Mr Boughey of Mazars said: “The impact of Covid-19 on the hotel, retail, and leisure markets has made trading conditions extremely challenging for the company over the last 10 months.
“The Centurion Hotel is a very well-managed and popular hotel that is currently open to support the needs of guests who are key workers or have a requirement to work away from home.
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“The convenience stores are also providing an essential service to their local communities.”
Mr Boughey said the company’s team of employees were “keen to support the business” while the administrators looked for a buyer for the hotel and retail stores.
Mark Manley, the Centurion Hotel general manager said: “Whilst it is sad to see the company go into administration due to the financial impact of Covid-19, the Centurion Hotel’s staff and I look forward to continuing to welcome guests to the hotel whilst a new owner is sought”.
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Mr Bellfield said there was “significant scope” for an experienced owner or operator to invest in the site and asset manage the vacant former indoor bowling facility.
“We expect the property to appeal to a wide range of buyers, including those looking to purchase a single asset as well as purchasers looking to expand their current portfolio,” he said.
“We also anticipate high levels of interest from both national and international investors attracted to the 海角视频 market."