Crazy Bear Hotel brand bought out of administration

Summarised from 2 outlets · Updated 30 Oct, 13:01 · Archive

Luxury hotel chain Crazy Bear has been sold following administration that cost over 100 jobs.

The Crazy Bear Hotel brand has entered administration and been sold to a third party purchaser, according to administrators BDS LLP. The sale involved the freehold properties, and the purchaser intends to undertake refurbishment works. The collapse has resulted in the loss of over 100 jobs.

The luxury hotel chain operates two locations: one in Beaconsfield and another in Stadhampton, where it has operated since 1993. The Stadhampton property features 18 rooms, a sixteenth-century pub, gardens, woodland and a restaurant.

Kiri Holland, joint administrator and partner at BDO, attributed the failure to 'challenging market conditions' and a quieter than expected summer trading period. An anonymous staff member said the shutdown was sudden, though staff had been aware of money problems in the weeks beforehand. The premises are expected to remain closed during the refurbishment programme.

How it is being reported

• Future of UK luxury hotel brand announced amid administration and 100 jobs lostThe future of a UK luxury hotel brand has been revealed amid its administration which has led to the loss of over 100 jobs.Oxford Mail · 30 Oct, 12:30
• Future of UK luxury hotel brand announced amid administration and 100 jobs lostThe future of a UK luxury hotel brand has been revealed amid its administration which has led to the loss of over 100 jobs.Oxfordshire Guardian · 30 Oct, 12:30

In this story: Crazy Bear Hotel · Beaconsfield · Stadhampton · Kiri Holland · BDS LLP

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