Croydon Airport hotel falls into administration

Hotel News - 25/06/2009

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The most historic hotel in Croydon has called in the administrators after failing to see through the hard financial times. PriceWaterhouseCooper are the administrative company that has taken over and they are looking into selling the building that is located on Purley Way.

The areas second most famous property, the Addington Palace Hotel, is owned by the same company as the Aerodrome Hotel and confusion surrounds the ownership rights. The building is listed as being under receivership of Companies House but it is unclear at this stage if Addington Palace Hotel will meet the same fate as its counterpart.

“It is not being sold under duress. It is being sold as a profitable business,” comments John Power, chairman of Westmead Business Group, the group that owns both hotels. He went on to say: “Everyone has got problems.” The group took over the Aerodrome Hotel in 2002 and at the time the future looked bright under a new owner and it enjoyed an extensive refurbishment.

Originally opened in 1928 and designed in an art deco fashion, it welcomed many famous visitors including King George VI and Charlie Chaplin. The administrators will continue to trade the hotel until it is successfully sold and any bookings will be honoured as will any events that are planned to be held there.

Thanks to www.yourlocalguardian.co.uk for the above quotes. For more information on this article please visit their website.

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