Historic Inveraray hotel saved from going bust by £3m takeover
Administrators Begbies Traynor said in March that the hotel had been struggling with "historic debts" which crippled the cash flow of the business.About 60 roles were placed at risk when the hotel entered administration, and it currently employs 43 full and part time staff.Mr Maclachlan, who will co-own the establishment with Sam Wignell, said the George was steeped in character.Mr Wignell added: "Our vision is simple. Preserve the heritage, elevate the experience, and ensure The George remains a celebrated destination for generations to come."
Thomas McKay, a partner at Begbies Traynor, said there had been 51 interested parties who explored taking over the hotel.He added: "We want to thank the Clark family, who owned the hotel for seven generations, for their integrity throughout and their contribution not only to Inveraray, but their openness and help with a challenging trading and sale process. "We are also grateful to the customers and local community for their fantastic support and their loyalty to the venue over the last few months, and of course to the George Hotel staff for their ongoing hard work during the process of administration and the uncertainty that brings."He also said the takeover was the best possible outcome for workers and the local area.
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