County Durham's Lumley Castle Hotel safe from administration

Lumley Castle Hotel, which boasts stunning views and luxury accommodation, will now be safe for the future after it experienced financial difficulties.

Joint administrator Oliver Collinge says he is delighted to have secured not only the future of all employees but also all future weddings and events that would have had to have been cancelled had the hotel been forced to close.

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The rescue deal now means that  Lord Scarbrough and the Trustees of Lumley Castle return to the helm of the historic building, which dates back to the 14th century.

Lord Scarbrough and his Trustees, the owners of the Castle, have partnered with Bespoke Hotels, to lead the iconic hotel through its next chapter.

"Maintaining this wonderful hotel and the team at Lumley Castle is our priority," said Lord Scarbrough.

Lumley Castle Hotel has been saved from administration (Image: LUMLEY CASTLE)

"Lumley Castle was our family home for many centuries and, notwithstanding the best efforts of the previous tenants, who established a successful business over the years, it became apparent that the current structure was not sustainable and, therefore, I agreed with my Trustees to take the property in-hand acquiring it from Joint Administrators Oliver Collinge and James Sleight of PKF GM, to ensure that one of the principal hotels of the county continues to be a key destination for guests, weddings and conferences."

Boasting 73 bedrooms, the hotel building also features wedding and event spaces and is famous for its Medieval Banquets as well as hosting its very own Escape Room.

Thomas Greenall, CEO of Bespoke Hotels, said: "We are delighted to manage Lumley Castle Hotel on behalf of the new business owners.  

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"It is a truly outstanding hotel in a wonderful location.

"We look forward to working with the hotel team to continue to offer a fabulous welcome for those visiting this beautiful part of the country as well as playing an important part in the local community”.

Joint Administrator, Oliver Collinge of PKF GM, added: “This was a challenging transaction delivered within a short timeframe and we are delighted to have achieved an outcome which preserves this historic business, providing continuity for all employees and, importantly, ensuring the continuity of the business to facilitate future weddings, events and room bookings."