Ernst & Young administrators have sold more Swallow Hotels and London
& Edinburgh pubs, as the break up of the London & Edinburgh Swallow
Five hotels and two pubs were sold today to Gelink Limited, saving 258 jobs.
Joint administrator Angela Swarbrick, said: ‘We are delighted to have been
successful in selling a further seven properties and securing jobs of employees
at these sites.’
The sale is better news for
Ernst & Young, which has
been selling and closing the group’s hotels and pubs since in a piecemeal
approach since it went into administration a month ago.
Political and economic uncertainty behind the fall in confidence
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