Two Lake District hotels go on market after going into administration

Two sister hotels in the Lake District have been put up for sale after their parent companies fell into administration.

Tracey Pye and Patrick Lannagan of BDO have been appointed to take over the running of Taylor Hotels (Grasmere), which operated the 49-bedroom Grasmere Red Lion hotel, and Riverside Hotels, trading as the 57-bedroom Burnside hotel in Bowness on Windermere.

The Red Lion

The Burnside hotel

Both properties, which are branded as Best Western hotels and were previously owned by husband and wife Caroline and Mark Taylor, are now being marketed for sale through Colliers International and GVA Hotels and Leisure. They were continue to be open for business as normal.

The 19th century Red Lion hotel includes a pub, the Lamb Inn, while the Burnside hotel has extensive function facilities and a leisure centre. All 37 staff at the Red Lion and 41 team members at the Burnside have retained their jobs.

Pye said: "We will be doing all we can to ensure the future of the Red Lion hotel and the Burnside hotel. We are hopeful of achieving a sale of the hotels, and both will continue to operate whilst all opportunities are explored".

A spokesperson for Colliers International and GVA Hotels and Leisure said that both properties had strong trading records and had already attracted strong interest from corporate purchasers.

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