Owners of The Udny Arms Hotel, a 19th century boutique hotel in Newburgh, Aberdeenshire, have put it into administration as they try to find a buyer and safeguard up to 40 full and part-time jobs.
Aberdeen Sheriff Court appointed Kevin Mapstone of Begbies Traynor administrator on 18 December following the decision by the Kinloch family.
The venue will continue to trade as usual, while efforts are made to find a buyer for the 160-year-old hotel.
“The directors have taken the difficult decision to appoint administrators in order to try and save as many jobs as possible and preserve value by finding a new owner for the business,” said Thomas McKay, managing partner at Begbies Traynor, who is overseeing the trade and sale process.
“It is obviously a very difficult time of the year for the owners and hotel staff to be facing such uncertainty, but the urgency of the situation required swift action, and they really had little option, given the company’s levels of legacy debt.”
He added: “We really need the support of the hotel staff, who have been fantastic in difficult circumstances, and crucially the help and support of the local community and regular customers.
“Both the hotel and Trellis coffee shop will continue to trade as normal, operating on a 100% business-as-usual basis. No bookings or stays will be cancelled.”
The 12-bedroom, four-star hotel, which also holds two AA Rosettes for its restaurant and the 60-cover coffee shop, was fully refurbished in 2023.
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