·2 min read
Carlauren Group explain the situation with development at the former Ocean Hotel in Sandown. However their subsequent post to Facebook puts this into question.
The Carlauren Group owned the Auckland House Hotel on the Isle of Wight and had spent several years promising to develop the Ocean Hotel and Kings House in Sandown when it went into administration.
Administrators were appointed with a remit to investigate the disappearance of more than £50m of investors’ money. There have been five police investigations into the company, with three arrests made in March 2024.
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