410 jobs at risk as Strathmore Hotels in administration – Daily Business

Strathmore Hotels, which has a portfolio of eight establishments across Scotland and the north of England, has called in administrators following severe financial pressures.

With a head office in East Kilbride, the company owns and operates the Alexandra Hotel in Fort William; the Ben Nevis Hotel & Country Club in Fort William; the Ben Wyvis Hotel in Strathpeffer; the Cairn Hotel in Harrogate; the Cumbria Grand Hotel in the Lake District; the Nethybridge Hotel near Aviemore; the Royal Hotel in Oban; and the Salutation Hotel in Perth.

It had been under sustained creditor pressure for a number of months, resulting in a winding up petition in July and the appointment of Interpath as administrators.

All eight hotels will continue to trade and about 410 employees will be retained while the administrators review options for the business. 

Alistair McAlinden, joint administrator and head of Interpath in Scotland, said: “The hospitality sector has faced a number of significant challenges in recent years, including rising operating costs, inflationary pressures, workforce shortages and changing consumer spending patterns.

“Unfortunately, Strathmore Hotels has not been immune to these headwinds and has also experienced sustained financial difficulties, resulting in the appointment of the joint administrators.

“Our immediate priority is to ensure continuity across the business. We recognise that this news may be concerning for employees, customers, and suppliers.

“However, we would like to reassure all stakeholders that it is very much business as usual across the portfolio, and we encourage guests to continue visiting the hotels as normal while we explore the best possible outcome for the business.”