Owners of Great Victoria in Bradford call in administrators (From Bradford Telegraph and Argus)
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Owners of Great Victoria in Bradford call in administrators
10:00am Thursday 2nd September 2010 in
The company that owns Bradford’s historic Great Victoria hotel and two others has gone into administration, putting about 150 jobs at risk.
Bradford-based Tomahawk Hotels Ltd, which has lavished millions of pounds on the Great Victoria since buying it in 2005, is understood to have called in the administrators about a week ago.
Tomahawk also owns the Woodlands in Leeds and Aston Hall in Sheffield.
All three hotels are continuing to trade under the management of BDL Hotels, a Glasgow-based company which is expert in dealing with banks and their hotels in administration. The company is now managing 15 hotels in administration.
The company says it has an established reputation of being able navigate through the complexities of a hotel group in administration, while keeping the hotels trading profitably. It also runs hotels on contracts.
Tomahawk Hotels Ltd was founded by Rob Foulston and Tom Horsfall, who had plans to expand the group to ten hotels over ten years. The partners said they had been attracted by Bradford’s regeneration plans.
They changed the name of the former Victoria Hotel, which originally opened in 1867, to the Great Victoria and embarked on a major investment programme. Later that year the hotel said it was filling most of its 70 bedrooms on most nights, with a 100 per cent occupancy rate on three nights of the week.
Ned Basic, who owns the Dubrovnic Hotel in Oak Avenue, Bradford, said hotel operators were facing a tough time. He said: “It is really bad news about Tomahawk and the Great Victoria in particular.”
Comments(17)
Joedavid
says...
11:54am Thu 2 Sep 10
Moon on a stick wrote:Too many hotels chasing for customers now in Bradford, is it about £35 per room per night for 2 people.
Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?
the Laird
says...
12:48pm Thu 2 Sep 10
Joedavid wrote:Puts into perspective that hotel on sunbridge road which is trying to blag investors into "buying a room" with wild promises of 80% occupancy rates and £85 a night and rising rack rates!
Moon on a stick wrote: Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?Too many hotels chasing for customers now in Bradford, is it about £35 per room per night for 2 people.
Moon on a stick
says...
1:08pm Thu 2 Sep 10
the Laird wrote:It's the new investor scam, now apartments can't be sold. Out of town investors are being parted with their pounds to invest in hotel rooms based off some very optimistic figures.
Joedavid wrote:Puts into perspective that hotel on sunbridge road which is trying to blag investors into "buying a room" with wild promises of 80% occupancy rates and £85 a night and rising rack rates!Moon on a stick wrote: Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?Too many hotels chasing for customers now in Bradford, is it about £35 per room per night for 2 people.
.
For each cheap hotel that is hailed as a success for Bradford the risk is another established and more expensive hotel could suffer.
Avro
says...
3:53pm Thu 2 Sep 10
The worry has to be what the Great Victoria might end up being turned into!
At the end of the day who right in their mind wants to pay silly money to stay in Bradford?
obi wan kanobi
says...
4:21pm Thu 2 Sep 10
webess
says...
5:37pm Thu 2 Sep 10
Moon on a stick wrote:peoples jobs on the line here and all you can do is trot out your usual stuck record ramblings. At least you haven't brought bassline into your latest rentapost...
Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?
Moon on a stick
says...
7:44pm Thu 2 Sep 10
webess wrote:Where have you been for the last few weeks?
Moon on a stick wrote:peoples jobs on the line here and all you can do is trot out your usual stuck record ramblings. At least you haven't brought bassline into your latest rentapost...
Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?
.
Do you think these new investor trap hotels are a good thing then, do you think Bradford needs 100s and 100s or more hotel rooms, if so please explain why? I'm all ears.
.
Bassline is doing good things for Sheffield I hear, only 5 stabbings in the last single incident outside Niche. There you go I've mentioned it, happy now?
Moon on a stick
says...
7:47pm Thu 2 Sep 10
Windyass
says...
8:04pm Thu 2 Sep 10
Moon on a stick wrote:Great Scott, is Niche still open down sarf Yorkshire way? That was known as the stabbing club 12 years ago at least.
webess wrote:Where have you been for the last few weeks?
Moon on a stick wrote:peoples jobs on the line here and all you can do is trot out your usual stuck record ramblings. At least you haven't brought bassline into your latest rentapost...
Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?
.
Do you think these new investor trap hotels are a good thing then, do you think Bradford needs 100s and 100s or more hotel rooms, if so please explain why? I'm all ears.
.
Bassline is doing good things for Sheffield I hear, only 5 stabbings in the last single incident outside Niche. There you go I've mentioned it, happy now?
Tinybantam
says...
9:09pm Thu 2 Sep 10
Moon on a stick
says...
11:06pm Thu 2 Sep 10
Windyass wrote:It was closed again by the police weeks since following the latest stabbings, but was allowed to reopen as "members only" yeah right that'll adhere to that rule for all of one week.
Moon on a stick wrote:Great Scott, is Niche still open down sarf Yorkshire way? That was known as the stabbing club 12 years ago at least.
webess wrote:Where have you been for the last few weeks?
Moon on a stick wrote:peoples jobs on the line here and all you can do is trot out your usual stuck record ramblings. At least you haven't brought bassline into your latest rentapost...
Eh what, we keep being told Bradford needs more hotel rooms. Then again did anyone really believe that?
.
Do you think these new investor trap hotels are a good thing then, do you think Bradford needs 100s and 100s or more hotel rooms, if so please explain why? I'm all ears.
.
Bassline is doing good things for Sheffield I hear, only 5 stabbings in the last single incident outside Niche. There you go I've mentioned it, happy now?
spanglishbull.uk
says...
12:25pm Fri 3 Sep 10
matacaster
says...
12:52pm Fri 3 Sep 10
1. Family with 10 kids+ want a bigger place.
2. Victoria Hotel empty
Solution!!!!
For Bradford Council's information, I am joking.
turbodiesel
says...
3:00pm Fri 3 Sep 10
steveinbradford
says...
7:17pm Fri 3 Sep 10
mikado85
says...
2:12pm Tue 7 Sep 10
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The Great Victoria hotel, whose owners Tomahawk Hotels Ltd have gone into administration
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Moon on a stick says...
11:23am Thu 2 Sep 10