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Dunfermline hotel written off as worthless has been closed

Peel Hotels, the owners of the 48-bedroom hotel, said its performance had been problematic for some years .
In August 2018, the company effectively wrote it off as worthless; alternative uses were being explored, and the pandemic has now brought the story to an end.
A statement from executive chairman Robert Peel said: As shareholders will be aware, the performance of two of the company’s subsidiaries, operating hotels in Nottingham and Dunfermline, has been problematic for some years, resulting in the value of those investments having been recently written down to zero.
Those subsidiaries have continued to trade at a loss despite the best efforts of management and staff and, when combined with the impact of COVID-19, has led the board of directors of those two subsidiaries to sadly decide that there is no alternative but to now put those subsidiaries into liquidation. ....

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Job losses as 'worthless' Fife hotel closes in run up to Christmas

Job losses as ‘worthless’ Fife hotel closes in run up to Christmas
© George Mcluskie Photographer 37
A loss-making Fife hotel has permanently closed and its owner has started a liquidation procedure.
Newly filed documents at Companies House show loss-making King Malcolm Hotel in Dunfermline closed earlier this month.
The subsidiary of Peel Hotels which operated the 48-bedroom property has been put into voluntary liquidation.
© George Mcluskie Photographer 37
King Malcolm Hotel in Dunfermline.
The hotel has struggled financially for several years, with its value completely written off in Peel Hotel’s company accounts in 2018. The number of job losses is unknown.
The group has started a similar process with its 68-bedroom Strathdon Hotel in Nottingham. ....

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'Landmark' city centre hotel fined £24,000 for health and safety failings

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The owners of Bradford’s iconic Midland Hotel have been fined £24,000 after admitting a number of health and safety charges, including that they failed to act fast enough to deal with asbestos in the building.
But Peel Hotels was told that it would have been fined “a six figure sum” had the company, and the hospitality industry in general, not been left in such a perilous financial situation due to the Covid 19 pandemic.
The national hotel chain appeared at Bradford and Keighley Magistrates Court on Tuesday morning charged with four offences relating to asbestos and health and safety failings.
The issues had been reported to Bradford Council’s Environmental Health department by Gary Peacock, former manager of the hotel, shortly after he resigned from his role in 2018. ....

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