New owners revealed for Park Avenue Hotel
Belfast hospitality group Beannchor has confirmed that it has taken over the running of the Park Avenue Hotel in the east of the city.
The Holywood Road establishment, which is a popular choice for Northern Ireland's political parties, has been under a corporate voluntary arrangement (CVA) since October 2016.
The insolvency proceedings came just over a year after the hotel was unveiled as the venue for celebrity chef Marco Pierre White's first Northern Ireland restaurant.
Both the steakhouse bar and grill and the 56-bedroom hotel have continued to trade.
But the intervention of Bill Wolsey's hospitality group is expected to secure the jobs of around 60 staff in east Belfast.
In statement yesterday, the company said: "Beannchor Group has taken on operations of the Park Avenue Hotel.
"Over the coming weeks we will seek to review all options and future plans for the business and our immediate objective will be to preserve employment and continue to serve Park Avenue customers."
Please log in or register with belfasttelegraph.co.uk for free access to this article.
It comes as Beannchor begins work on a new £4m hotel in the centre of Lisburn.
Expected to be open next spring, the 52-bed Haslem Hotel will create 75 new jobs in the city.
Both hotels join a growing hospitality portfolio that already includes the five-star Merchant Hotel, Bullitt Hotel and eight Little Wing pizzerias.
Beannchor has also recently invested £350,000 in Belfast bar and eatery The National in the Cathedral Quarter and undertook a £500,000 refurbishment of The Merchant Hotel's public bar, The Cloth Ear.