Gravetye Manor hotel sold out of administration

Date of Press Release: 3|3|2010

Karen Dukes, joint administrator and partner at PricewaterhouseCoopers LLP in Gatwick said:

“We are delighted to have agreed a sale of the hotel just over 6 weeks after our appointment and with minimal disruption to the staff and guests. We received a number of expressions of interest in this prestigious hotel from all over the world, showing there is still appetite for investing in the right businesses as we come out of a recession. Although we have still to review the claims of creditors, we are hopeful of securing a dividend in due course. We are of course, grateful to those creditors who have worked with us during our trading period.

“The sale means the 45 employees jobs are secured and I would like to thank them all for their support and dedication over the last 6 weeks since our appointment.”

The grade I listed Elizabethan manor house was one of Britain’s first country house hotels and features 18 individual beautifully appointed ensuite bedrooms; a restaurant and private dining facilities, a bar and dining room as well as extensive staff accommodation. It is situated on the East Sussex - West Sussex border three miles south west of East Grinstead and seven miles from Gatwick. As the former residence of William Robinson, the Hotel features 35 acres of historic gardens set in over 1000 acres of ancient woodlands.

PricewaterhouseCoopers' agents on the sale of Gravetye Manor are Edward Symmons.

For further press information please contact Sophie Elliott at Redwood Consulting on 020 7828 5553. sophie@redwoodconsulting.co.uk