A UK hotel has financial problems and its owner claims the lender caused this.

The 92-room hotel has administrators now. The hotel is still open and looking for a buyer. The staff and customers are not affected.

The hotel has event spaces, meeting rooms, a restaurant, and a gym. It was the first Dakota hotel, designed by Amanda Rosa.

The hotel has low occupancy on weekends. Administrators think it can still be a good business.

The owner says the lender, Virgin Money, forced the hotel into financial trouble. He says they promised to help but then stopped.

The hotel has 92 rooms.

The owner borrowed £6million in 2020. He says the hotel is not insolvent but struggled to repay the loan.

The owner says the bank wanted control of the hotel. He refused and says the hotel can pay its bills.

The hotel is still open while a buyer is found.

Bookings are up, and local developments will help the hotel. The owner hopes to sell it for £6.75million.

The owner is sad about what happened and worries about his staff.

Virgin Money says it tries to help businesses in trouble but could not help the hotel.

The owner claims the lender pushed the hotel into administration.

Virgin Money says it tries to support businesses but could not in this case.

The administrator says the hotel is a good opportunity for a new owner with the lender's support.

The administrator is confident the hotel will be successful with a new owner. The staff will keep working until a buyer is found.

The hotel is expected to attract interest due to its quality and the closure of a competing venue. No staff will be made redundant.