Tresidder commented Lace Market Hotel refurbishment on hold while the owners try and...

The refurbishment of Nottingham's Lace Market Hotel is on hold while the owners try and find a buyer.The hotel collapsed into administration last May and closed after the previous owners failed to sell it as a going concern.It was acquired by Chestnut Properties, a business run by the Higginson family who owned the freehold of part of the site.Last July, Dave Higginson who owns and manages two hotels in Cape Town, South Africa, where he lives, pledged to refurbish the hotel and re-open it by..