A hotel based in Blackpool which provided respite care holidays for disabled people has suddenly closed.
Operating for more than ten years, its owners said they are not seeing the returns to have confidence to continue trading.
The New Mayfair Hotel had 43 wheelchair accessible rooms and public areas specifically for the comfort of disabled, ill and elderly guests.
Speaking to local news source, the Blackpool Gazette, owner Simon Rigby MBE said: “Unfortunately, unless somebody picks the hotel up quite quickly, I fully expect the staff will be made redundant.
“The hotel has not been able to make the returns which it has done in the past as a result of the state of the economy in general. We have soldiered on, but it has become increasingly difficult and at the end of the day the bank either realises the value of the property or it allows us to carry on trading.”
He added: “We had no confidence that we could carry on trading, and if we didn’t believe we could make a profit we would have to cease trading, and that’s what we have done.”
Rigby did go on to confirm that anyone who had made a booking will have their deposits returned.