Hotel receivership
New Plymouth The Plymouth Hotel and Devon Motor Lodge, both multi-million dollar businesses in New Plymouth, have gone into receivership. No redundancies had been announced and the two hotels are continuing to trade normally.
Mr Rob Tennent, chairman of the Tennent family group which runs the businesses, said the recent fall in the value of the New Zealand dollar meant the overseas mortgagee had placed the group in receivership to ‘protect its own interests.”
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Bibliographic details
Press, 27 December 1985, Page 4
Word Count
76Hotel receivership Press, 27 December 1985, Page 4
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