The Aerodrome Hotel has gone into administration.

The hotel, based next to the historic Airport House in Croydon, was run by Aerodrome Hotel Limited, part of the Westmead Group.

On June 9, David Chubb and Mark Shires of PricewaterhouseCoopers LLP were appointed joint administrators of Aerodrome Hotel Limited.

Aerodrome Hotel Limited has a turnover of approximately £3 million a year and employs approximately 40 staff.

David Chubb, partner and joint administrator, PricewaterhouseCoopers LLP said: “Aerodrome Hotel Limited is the operating company for the 109 bedroom, historic landmark hotel located in Croydon.

“The company has suffered as a result of the current economic challenges facing the hotel industry and, having run out of alternative options, sought the protection of administration.

"The administrators intend to trade the hotel while sale options are progressed.

“Our immediate priority now is to seek a buyer for the business in order to enable the long term survival of the hotel and preserve the jobs of the employees.

"Whilst a buyer for the business is sought, we expect to continue trading and we will look to work with the company’s existing management team, suppliers, employees and customers to try and ensure that we achieve a positive solution.”

The hotel is located on the site of the world’s first international airport. It was previously in disrepair before John Power brought the iconic building back to life in March 2002.

It is situated adjacent to the Airport House business centre and two restaurants, The Rayond’Or Brasserie and The Courtyard.

Despite being owned by the Westmead Group, it is only Aerodrome Hotel Limited that have entered administration.

• For more business news, click here