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A report reveals how administrators do not expect small firms to get their money back from Party Pieces, founded by the Princess of Wales' mother Carole Middleton , 68, and father Michael, 74.
New operator has eyes down for further growth
The 240-room hotel on the banks of the River Clyde in Glasgow only opened its doors in August.
The sacked workers plan to hold a rally outside the hotel in Clyde Street on Wednesday afternoon.
A plush Glasgow hotel is closing its doors four months after opening - leaving more than 100 workers out of a job just days before Christmas.