Hunt for Hyatt buyer as hotel slips into administration
27th June 2011
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A LANDMARK hotel in Birmingham city centre is seeking a new buyer after it went into administration.

The Hyatt Regency off Broad Street and the Waldorf in London's West End have come under the control of administrators at KPMG and Ernst and Young respectively, according to reports.

Both sites are part of the hotel business empire of the Bhatia family in India.

Administrators at E&Y have said the Hyatt Regency will continue to trade as normal as they seek a new buyer for the city centre landmark.

The 24-floor hotel has 319 rooms and sits next to the International Convention Centre and Symphony Hall.

It is a popular destination for visiting dignitaries, such as the Tory Party Conference last October, partly because of its private direct bridge link to the ICC across Broad Street.

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