The Carmelite Hotel in Aberdeen has been sold out of administration, securing 56 jobs.
Leonard Curtis Business Rescue & Recovery said ownership of the business had passed to a new firm, Concordia Hospitality, which is registered to an address in Walsall.
The 52-bedroom hotel, in the city’s Merchant Quarter, was sold as a going concern for an undisclosed sum. It was previously owned by Gary Atkinson.
Joint Administrator Michelle Elliot said: “Unfortunately, the business experienced a significant reduction in turnover over the last two years, principally due to the downturn in the oil and gas sector, which resulted in cash flow difficulties.
“However, I am pleased to confirm that, immediately after our appointment (last Friday), a sale of the business and assets of the hotel was concluded.”
She added: “This has resulted in the Carmelite Hotel – which is a popular venue for weddings, functions and events – remaining open and all 56 employees retained, which minimises disruption to customers.
“We’re thankful to staff and guests for their ongoing support at what has been a challenging time.”