Helmsley's Feversham arm is for sale

As reported by Gazette & Herald, the four-star boutique hotel in Helmsley took over as management earlier this month.

Co-administrators Oliver Collinge and James Three's PKF Little John Advisory are disposing of the hotel, consisting of two contemporary buildings with 33 bedrooms, a bar, restaurant, private dining room, a library, poolside suites and a considerable super complex.

Recommended Reading: Feversham Arms Hotel and Spa have been deployed in the management

The hotel's Verbena Spa is heated with a sauna, aromatherapy room, steam room, monsoon shower, foot spa, hot tub and outdoor pool.

Last year, sales were £3.4 million, including strong profit margins.

“This is an excellent hotel asset in a beautiful tourist location. Despite the managers that are due to over-leverage rather than lack of profitability, the hotel operates well under the same staff and management team,” said Robert Smithosson of the Colliers Hotels Agency team.

Oliver Collinge commented on the administration and confirmed that it was a business as usual for the hotel and its guests.

He said: “All deposits, including the event, have been paid, and bookings already made will be respected, unaffected and will proceed as planned. The hotel will continue to book for future events and sell vouchers as usual. These will ring to provide guarantees to guests and customers.

Feversham Arms in Helmsley continues to operate as normal under the control of a co-administrator, with all hotel staff not scheduled for redundancy.

Collinge confirmed that it was a normal business for the hotel and its guests. “All deposits, including the event, and reservations already made, are respected and influenced.

The hotel has been owned by Feversham Arms Limited since 2008, and three active directors are listed in Companies House. Wayne Perham, Roderick Whiteford, and John Jameson.

“This is a great hotel asset in a beautiful tourist location. Despite its lack of profitability and excessive leverage, the hotel continues to operate well under the same staff and management team, investor,” said Robert Smithosson of the Colliers Hotels Agency team, who is in charge of sales.

Originally an old coaching inn, Feversham Arms was rebuilt and renamed in 1855 by Count Feversham in the old hostel location. Previously known as Guest House, Baud Inn and later Bayhorse. Beer and candles were on sale at Bayhorse.