It comes as the holding company Never What if Group Ltd enters liquidation with creditors expected to be left owed £9.837m. Until last month Never What if Group Ltd, owned by David Marshall, was the parent company of Propiteer Ltd, which in turn is the controlling party for Propiteer Hotels Ltd which is in control of Propiteer Hotels Plymouth Ltd.
But in April, Never What if Group Ltd ceased to have control of Propiteer Ltd and it is now under another company with Mr Marshall on the board: PC Group Nominees Ltd. Mr Marshall said the liquidation of Never What if Group Ltd would therefore not derail plans for the Plymouth hotel, set to be branded a Hilton Garden Inn.
He said: "Propiteer is unaffected by the liquidation and there is no impact on the Hoe project. We still are hoping to have the plans completed and submitted over the summer."
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