AN HISTORIC lakeside hotel in the Staffordshire Moorlands has been put up for sale after being placed into receivership.
Offers are currently being invited for Hotel Rudyard in Lake Road, Rudyard.
Corporate restructuring specialist Begbies Traynor confirmed the sale followed a default by the owner Ronald William Lloyd on the terms of the mortgage he holds with Marston's Brewery.
Partners at Begbies Traynor, Steven Williams and David Acland, who have been appointed as joint receivers on behalf of Marston's, said all bookings such as weddings and other events would be honoured.
Begbies has installed a specialist leisure and hospitality management company, Convivial Management Services Limited, to assist with running the venue.
All 26 members of staff have been retained since the hotel went into receivership on July 17. Mr Williams said: "While it is very early stages, we are optimistic that the hotel is a viable entity, that we will be in a position to honour all existing and future bookings, and ultimately that we will be successful in securing a going concern sale."
A spokesman for Marston's said: "Begbies Traynor Group is now managing this site on our behalf.
"Hotel Rudyard will remain open and trading, meaning all functions will be honoured."
Hotel Rudyard opened in 1851 after the North Staffordshire Railway developed Rudyard Lake as a tourist resort in the mid-19th century.
District councillor for the Horton Ward, Norma Hawkins, said she was "very sad" to hear the news of its receivership.
She added: "Hotel Rudyard is a big part of the village as it is the only hostelry left.
"It is used by local people and plays an important part for members of the community, and also the many tourists who use it.
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"I hope a buyer will soon be found as the premises are very popular and attract people from over a wide area."
Mr Lloyd was unavailable for comment as the Post & Times went to press.
Parties with any concerns over their booking should contact Linda Clayton at Begbies Traynor on 01772 202 000 or Paul Hill at Convivial Management Services Limited, on 01204 600 712.