Plans to redevelop are fast tracked because of Covid-19 impact on tourism industry.
In a statement, the hotel's management announced that all bookings at the hotel will be cancelled. Team members are being actively supported with an outplacement service helping everyone affected by the decision. It added that both staff and clients are being notified and appropriate arrangements are being made.
It means that the hotel will not be opening in its previous format once lockdown restrictions are lifted. The hotel and restaurants will remain closed while a development plan is submitted and the redevelopment takes place. A pre-application plan will be submitted to planners this month for comment.
The Golf Course is now operational and the Golf Club will continue to operate under whatever lockdown restrictions are imposed. The Health and Leisure Club is currently closed and its future is under review.

Guernsey athlete has Commonwealth Games medal hopes dashed
Guernsey Prison to explore use of temporary officers
Guernsey to have 250 homes under development by 2029
Petition calls for more parent-child parking in Guernsey
Guernsey's Chalmers makes the Commonwealth Games final
More than 40% of Guernsey people surveyed have no savings
Generous CI Lottery grants given to local charities
Nine Channel Islands products win Great Taste awards