Ruthin Castle Hotel & Spa

Ruthin, Denbighshire, North Wales, UK

Ruthin Castle

Ruthin Castle

The 13th Century Ruthin Castle Hotel & Spa was acquired in a joint venture partnership in June 2014. The hotel, which has historical links to King Edward the 1st, the Sheriff of Nottingham and King Edward V11, entered into a CVA in January 2013.
Hotel Website:
http://www.ruthincastle.co.uk/
Ruthin Castle Hotel

Ruthin Castle Hotel

Despite the underlying trading profitability and potential of the business, the hotel remained substantially over leveraged and continued to struggle.
Ruthin Castle Hotel

Ruthin Castle Hotel

The property was acquired by Kepler Capital in June 2014 after the forming of a joint venture with the existing owners and Prima Hotels Limited, a 4 star Hotel Management company by way of a pre packed administration,
Ruthin Castle Hotel

Ruthin Castle Hotel

safeguarding 100 jobs and restructuring the hotels debt to a manageable level.
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Ruthin Castle Hotel sold via pre-pack administration

October 27, 2014October 27, 2014
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Paul Dumbell and Brian Green from KPMG’s Restructuring team in Manchester were appointed joint administrators of Ruthin Castle Limited, the historic grade II listed hotel and spa situated in Ruthin, North Wales, and have immediately sold the trade and assets of the company via a pre-pack agreement to a joint venture incorporating private equity firm Kepler Capital Ltd, Prima Hotel Group and existing management.

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Ruthin Castle joins Prima Hotel Group’s Collection of Luxury Hotels

October 23, 2014October 23, 2014
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Prima Hotel Group (Prima), the leading independent luxury hotel group in the North West, has confirmed that Ruthin Castle is joining its trusted collection of select luxury hotels. The historic grade II listed hotel and spa is situated in Denbighshire, North Wales and its operations will be managed by and branded by Prima.

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North Wales’ Ruthin Castle joins Prima Hotel Group’s collection of luxury hotels

October 23, 2014
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Prima Hotel Group (Prima), the leading independent luxury hotel group in the North West, has confirmed that Ruthin Castle is joining its trusted collection of select luxury hotels. The historic grade II listed hotel and spa is situated in Denbighshire, North Wales and its operations will be managed by and branded by Prima.

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New owners to invest at Ruthin Castle

October 23, 2014
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The new owners of Ruthin Castle are planning further investment in the luxury hotel.The 60-bed hotel and venue, around 20 miles from Chester, was sold through a pre-packaged administration last month.It was acquired by a joint venture between private equity firm Kepler Capital, the Wilmslow-based Prima Hotel Group and existing management.In a statement it said it will "inject further investment into the property" to "cement the hotel’s reputation for excellence".

The scale of the investment was not disclosed but Prima......for the full story register now for free or login below...