MWB Group Holdings has insisted that it is business as usual for its high end hotel chains – Malmaison and Hotel Du Vin – despite the appointment of administrators.
The company said recently that both Malmaison – which has a hotel at Victoria Street in Belfast – and Hotel Du Vin were performing profitably and were ahead of expectations.
In a statement, MWB said that the arrival of administrators from Deloitte would have “no impact” on the running of the chains and pointed out that profits were ahead by 14 per cent over the last four months on a like-for-like basis.
But David Warnock, a member of the Business Recovery Team at chartered accountants, BDO, in Belfast told GO that he had been “surprised” to hear of the development, particularly given the size of the group and the high profile nature of its business:
“I think that the [hotel] sector generally in Northern Ireland and certainly, in Belfast, has been faring well,” he added. “Thanks to events such as the MTV Awards we’ve seen occupancy numbers increasing. Other elements of the hospitality trade, particularly bars, are certainly facing pressures and hoping for a good Christmas, but hotels here do seem generally to be on the up, so it is a surprise to see a company like that in this position.”
In its statement, MWB said that the arrival of the administrators would have “no impact” on the Malmaison or Hotel Du Vin chains:
“Both have performed well this year and we continue to see improvements in training,” said CEO Gary Davis recently.