Joint administrators have been appointed to Artisan H1 Limited which operates The Ainscow Hotel in Salford, Manchester.
The hotel which employs 30 people is currently being traded by the joint administrators at Kroll.
Despite the company entering administration on 10 June 2021, bookings at the hotel are being honoured and are expected to improve as the country continues to ease lockdown restrictions and the key Christmas trading period begins.
Administrators were appointed when a fire broke out at one of the company-owned residential sites, The Block, in 2017 and affected the group’s ability to trade.
Andrew Knowles, joint administrator, Kroll, said: “The subsequent remedial works to The Block and matters relating to the insurance claim and associated works have placed substantial pressure on the group, and The Block is still not fit for occupation with significant remedial works remaining.
“The group has also been impacted by the industry ramifications from the Grenfell Tower disaster, with several residential buildings owned by the group incorporating cladding to the facades. This has reduced the ability of the group to sell apartments, as is the case for third party leaseholders within the same buildings.”