Festival Hotels Group Loses Another Hotel

Festival Hotels Group Loses Another Hotel

Festival Hotels Group Loses Another Hotel 500 333 SOS Team

Festival Hotels Group Loses Another Hotel.

Earlier this week Festival Hotels Group lost another of its hotels as it was forced into administration by Redwood Bank. This time it was the Comfort Inn in Sunderland which was put into administration. It was not surprising because a smaller lender had filed a winding up petition over Shepherd Cox Hotels (Sunderland) Ltd, the owner of the hotel. This was the winding up petition which was not declared by Lee Bramzell to his creditors before they voted on his IVA proposal, the non-disclosure of which should have annulled the IVA vote, but which Purnells, the trustee, chose to regard as a minor issue despite it being a criminal offence for the IVA proposer not to disclose material facts which may affect his/her ability to make payments to creditors.

See below for the Notice Of Administration.

Shepherd Cox Hotels (Sunderland) Ltd Notice Of Administration

Festival Hotels Group was established by Lee Bramzell and Nick Carlile with the assistance and support of Luqa Ltd and Part-Time Ltd. The original portfolio consisted of 10 hotels, but was recently reduced to 5 hotels following the bankruptcy of Nick Carlile and a dispute between Lee Bramzell and Luqa Ltd which resulted in a hostile take-over of 5 hotels by Luqa’s associates from  FHG. This administration leaves FHG with 4 hotels, two of which are the focus of action by Luqa Ltd and are likely to be lost in the near future.

Lee Bramzell claims to be fighting some of the transfers, but that was when he needed creditors to support his IVA Proposal. Now that Purnells adjudicated that non-disclosure is allowed and the IVA has been approved, we doubt these claims will be pursued. Lee Bramzell recently resigned from approximately 20 companies and installed long-term lackey Adam Stanborough in his place. One of those companies was Festival Hotels Group. It appears that Lee Bramzell is not intending to be around to deliver on his IVA promises.

Festival Hotels Group Loses Another Hotel.

 

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