Administrators have been appointed to Liverpool’s Signature Living Hotel Ltd.
Earlier this month Duff & Phelps were appointed as administrators of the Signature Shankly Ltd, which is the firm holding the leasehold interest of the Shankly Hotel site in Liverpool, part of the city’s hotels operator and developer Signature Living.
The Signature Living Hotel Limited company holds various freehold and leasehold interests of the wider Signature Living Group, which includes the building from which the Shankly Hotel trades, Millennium House, in Liverpool’s Victoria Street.
The company also provides corporate guarantees to various secured and unsecured creditors of the group, including the various bedroom investors.
Michael Lennon said: “The steps taken by Henslow Trading Limited to protect its investment in the Signature Shankly Limited has necessitated a need to appoint the joint administrators to protect the freehold interest in Millennium House.”
On appointment, the joint administrators are carrying out a full review of the company’s interest and will write to creditors in due course.
Mr Lennon added: “The trading operations of the Signature Living Group are unaffected by the various administrations and we understand that all trading will recommence at the earliest opportunity.”
The Signature Living Group operates a variety of hotels, including the Signature Living Hotel, 30 James Street and the Dixie Dean Hotel in Liverpool, as well as The Exchange Hotel in Cardiff.