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Historic Archer Hotel under administration

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UPDATED | Creditors will meet next week after the historic Archer Hotel in North Adelaide was placed in administration.

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DuncanPowell has been appointed administrator of Huntsman Hotel Ptd Ltd, trading as the Archer Hotel, a spokesperson for the corporate advisory firm confirmed to InDaily yesterday.

Creditors, including the Australian Tax Office and the National Australia Bank, will meet on Monday.

Both the Archer Hotel and the Saracens Head Hotel, another historic hotel, located in the CBD, are “part of the Bloody Mary Group”, according to their respective websites.

An application to wind up Saracens Investments Pty Ltd, listed as the licensee of the Saracens Head, was published on the Australia Securities and Investments Commission (ASIC) website earlier this month.

The ASIC notice says Ellison House (SA) Pty Ltd made the application to wind up the Saracens Investments on October 11.

However, Brett Viney, a representative of Saracens Investments who would not disclose his official role, told InDaily at the time that the application had been submitted in “error”.

He said Saracens Investments had been in dispute with another entity but had reached a settlement.

“The company isn’t in administration or liquidation,” he said a fortnight ago.

“We have a dispute which had been running for … years (but) we settled the matter confidentially.

“It’s an administrational error by their lawyers.”

He added that the notice, which remains on the ASIC website, was “incorrect” but that he was unable to comment any further.

Asked what relationship Bloody Mary Group had with Saracens Investments, he said “it’s none of your business, to be honest”.

“It’s a public dispute between two companies and that matter has been settled,” he said.

Operations manager for the Bloody Mary Group, Jarrad Anderson, this morning referred InDaily to Viney for comment on the Archer Hotel going into administration.

Viney did not answer his phone this morning.

Anderson would not clarify the role the Bloody Mary Group played in the Archer Hotel.

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