An award-winning hotel in Nottinghamshire has plunged into administration. The operator of the 92-bed Mour Hotel, which is located on Sherwood Business Park near Annesley off the M1, appointed administrators on March 18.

Bob Maxwell and Julian Pitts of BTG, who have been appointed joint administrators of Seymour Capital Ltd, have confirmed the striking venue is still operating but requires new ownership. The hotel has not made any of its 60 staff redundant and continues to operate as normal, with the administrators explaining it would honour all existing bookings and look to attract additional business until a buyer is found.

The business hotel, which has a 150-person event space, meeting rooms and a high-end bar and grill restaurant, as well as a fitness suite, was originally the first of the Dakota chain of hotels founded by the former F1 driver David Coulthard and was designed by acclaimed hotel designer Amanda Rosa.

Bob Maxwell, partner at restructuring firm BTG, said: "The hotel is a renowned, award-winning venue with a thriving midweek business following due to its stylish design and excellent location in the heart of the UK. The business has suffered from lower occupancy rates at weekends, and underutilisation of its excellent event facilities.

"The venue is one hundred percent open as usual, and no bookings or event reservations will be affected in any way.

"The excellent management team at the Mour are helping to ensure that customers receive first-rate service and will be bringing new marketing efforts and deals to ensure the business trades positively while we work with agents to secure a buyer in the coming weeks."

Joint administrator Mr Maxwell said: "We intend to operate the hotel with the help of all the existing dedicated and hard-working staff until a trade buyer is secured.

"We anticipate a great deal of interest in the property and business due to its high quality, and the recent closure of a competing venue locally that has significantly boosted forward bookings.

"No redundancies are being made, in fact it is possible that we may need to hire more staff as we head into the busier spring and summer seasons."