The company which owns the Victoria Hotel in Rothesay has been placed into administration this week.
Administrators French Duncan intend to keep the hotel in Victoria Street open under its existing management while attempts are made to find a buyer for the facility, which is owned by Dawnbrook Ltd.
A spokesperson for the Victoria said: “It is extremely disappointing that this has come about; however, the reality is that the hotel business in general is a very tough market, and during current difficult times the Victoria has been unable to achieve the capacity of guests required to make it viable.”
The Victoria and its sister hotel, the Esplanade, which are owned by different companies but run by the same management team, together employ around 30 people.
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