Historic Scottish hotel in administration swamped by debt

The George Hotel, just yards from the Loch Fyne shore in Inverary, was overwhelmed by historic debts.

It impacted the critical cash flow of the business, the administrator said. There are 60 jobs at risk.

The George Hotel, Inverary. (Image: Begbies Traynor) The news comes with the industry on a precipice as a new wave of tax increases comes into force this weekend, with taxes rising by £3.5 billion overnight.

I know of one hospitality business with a head count of 30 adding…