“THE company behind one of Torbay’s best-known hotels has gone into administration. But company boss Keith Richardson said all the hotels remained open and it was ‘business as usual’. …
… The companies operate a collection of five hotels including the Grand Hotel in Torquay, The Royal Beacon Hotel in Exmouth, The Falmouth Hotel in Falmouth, The Fowey Hotel in Fowey and The Metropole Hotel in Padstow.
All have either three or four stars and are notable for their prominent seaside locations, period architecture and award-winning dining.
All five hotels will continue to trade on a business as usual basis while the administrators assess the current financial position and available options. …”