Begbies Traynor appointed administrator of historic York hotel
Despite interest from a number of parties, a sale has not been concluded and the directors have now appointed Begbies Traynor to place it into administration
The historic Monk Fryston Hall Hotel in York has appointed administrators from Begbies Traynor after falling into administration.
On 16 September 2022, Julian Pitts and Bob Maxwell of the firm were appointed as joint administrators of the hotel.
Located in the Vale of York, between Leeds and Selby, the Grade II listed country house hotel dates back to the 12th Century. Set in extensive parkland, it features function rooms, a restaurant and 29 en-suite bedrooms, and was a popular wedding venue.
Having traded successfully for many years, the hotel was forced to close during the Covid pandemic and faced challenges that prevented it from re-opening.
Despite interest from a number of parties, a sale has not been concluded and the directors have now appointed Begbies Traynor to place it into administration in order to “protect the business while a purchaser is sought”.
The hotel is currently not trading and around 10 staff who were laid off following the Covid outbreak have now been made redundant.
Julian Pitts, joint administrator and regional managing partner at Begbies Traynor in Yorkshire, said: “Monk Fryston Hall Hotel is a magnificent historic building set in acres of beautiful parkland and has been successfully trading as a hotel and wedding venue since the 1950s. Unfortunately, like many businesses in the hospitality sector, the disruption of the pandemic proved to be too great a burden for it to bear.
“We are currently working closely with Eddisons to market the business in order to provide the best return for creditors as well as enabling it to continue to trade and provide jobs for local people.”
