C P Dempster and G D Yuill of Ernst and Young LLP, the joint administrators of Maclay Group PLC and Maclay Inns Limited, have appointed advisers to dispose of 15 pubs and hotels owned by Maclay Inns.
CDLH has set a closing date of 12 noon on 30 April for offer for the whole pf portfolio, part of or individual sites.
Alan Creevy, director of CDLH, said, “The Maclay Inns estate is a series of first class businesses within prime locations such as St Andrews, Glasgow’s West End, Edinburgh University district and other high value student areas.
“Prior to marketing we received a very high volume of interest from a wide range of potential bidders. We anticipate receiving offers for the entire group, part of the group and individual assets.
“There is no doubt that there has been a marked recovery in the sector as a whole from the beginning of 2014 and corporate buyers, in particular, have shown an increased presence in the market. Increasing values have given an air of confidence as a whole and we anticipate a great deal of interest in the Maclay assets, all of which continue to trade as normal and will be sold as going concern businesses.”
Maclay Group was placed into administration in January after the company’s directors admitted failing to find a “strategic solution to the financial pressures facing the business”.
