Strathmore Hotels, which operates eight hotels across Scotland and the north of England, has entered administration following sustained financial pressures..
The East Kilbride-headquartered business owns and operates the Alexandra Hotel and Ben Nevis Hotel & Country Club in Fort William, the Ben Wyvis Hotel in Strathpeffer, the Cairn Hotel in Harrogate, the Cumbria Grand Hotel in the Lake District, the Nethybridge Hotel near Aviemore, the Royal Hotel in Oban and the Salutation Hotel in Perth.
The company had reportedly been facing creditor pressure for several months, culminating in a winding-up petition in July. Interpath has now been appointed as administrator.
All eight hotels will continue to trade while the administrators consider options for the business, with around 410 employees being retained.
Alistair McAlinden, joint administrator and head of Interpath in Scotland, said: “The hospitality sector has faced a number of significant challenges in recent years, including rising operating costs, inflationary pressures, workforce shortages and changing consumer spending patterns.
“Unfortunately, Strathmore Hotels has not been immune to these headwinds and has also experienced sustained financial difficulties, resulting in the appointment of the joint administrators.
“Our immediate priority is to ensure continuity across the business. We recognise that this news may be concerning for employees, customers, and suppliers.
“However, we would like to reassure all stakeholders that it is very much business as usual across the portfolio, and we encourage guests to continue visiting the hotels as normal while we explore the best possible outcome for the business.”
