Hotel chain is set to change hands before Christmas

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THE MANAGER of a popular and long-standing hotel has said that there is ‘no chance’ of it shutting, despite the fact that the hotel chain it belongs to has gone into administration.

The Angel Hotel, in Lavenham, has been welcoming guests since the 15th century.

Situated in the village’s Market Square, it has retained period features and is believed to be Lavenham’s oldest Inn.

It is owned by the Wellington Pub Company which has leased the site to the Maypole Group Plc since October 2008.

The Maypole Group went into administration on October 27 and has been ‘actively seeking’ a company to take over all of its six hotels ever since. As well as The Angel Hotel, in Lavenham, these include The Old Coach House and The Lifeboat Inn in Thornham.

Terry Medcalf, Maypole Group financial controller, said that the decision ‘to go into administration and find a buyer, which will inject a new lease of life into all of the properties,’ was taken following a change in the attitude of banks towards companies in the leisure industry, which requires bank loans to be repaid or restructured.

“Continue to come and see us, it’s business as usual,” he said.

“There’s no change in the management of each individual site at this point in time and we’re extremely hopeful and extremely confident that the future of all of the sites is looking very positive,” he added.

James Haggar, general manager of The Angel Hotel, said: “It’s just one of those things, we’re still trading as normal.

“The site is long established and well loved so I would say there’s no chance of us shutting. I don’t think it will affect us in any way, certainly not negatively.”

Discussions are currently taking place with a potential buyer and, if successful, it is likely that an announcement about the new company will be made within the next two weeks.