Administration and recovery management
In June 2010 Inntelligence was approached by the Administrator, Zolfo Cooper to devise a strategy which would re-establish the Great Hallingbury Manor hotel and generate the levels of revenue and EBITDA which would justify an adequate sale price and minimise any bank loss. A parachute management agreement was created which included short term operation of the business, and providing relevant industry advice to both Barclays and Zolfo Cooper in terms of the overall strategic vision for the property, along with the best way forward in terms of market positioning and commercial investment.
Inntelligence also managed the initial handling of staffing transfers according to TUPE regulations and then as part of the ongoing management of the hotel they became responsible for all HR and statutory issues relating to staffing.
Despite the troubled economic climate in 2010, which lead to the hotel’s original business failure and the continued challenging trading conditions in the hospitality market, Great Hallingbury Manor quickly re-established itself as a provider of quality accommodation to the corporate market. In addition, levels of confidence in the success of the overall business model remain high to this day.