Well-known local hotel and wedding venue Etrop Grange has gone into administration.
The hotel, located close to Manchester Airport on Thorley Lane, is still open and continues to trade while a buyer is sort for the business.
Matt Ingram and Steven Muncaster of Duff & Phelps have been appointed administrators to the Manchester Terminal 2 Hotel Ltd, the company behind the 64-room hotel.
In a statement, Ingram said: “Etrop Grange is one of the best known hotels in the North West with a long, established reputation.
“The hotel remains open for business and is trading as normal whilst we seek a buyer. The administrators are keen to stress that all bookings – for weddings and other receptions for example – continue to be honoured and customers should not be concerned.
“More broadly there is a lot of confidence in the UK hotel sector, which performed well in 2017 and mirrored property investment in general.
“Driven by a weakened Sterling, the growth in ‘staycations’ and improved infrastructure developments – not least in and around Manchester Airport – we believe that the future remains bright for Etrop Grange.”
Etrop Grange is part of the Squire Hotels Group, and Duff & Phelps is also advising its sister hotel, The Best Western Samlesbury Hotel.