Camelot Theme Park has been placed into receivership with the possible loss of over 100 permanent jobs.
The theme park and Park Hall Hotel, based in Charnock Richard near Chorley, Lancashire, is operated by Prime Resorts.
Last month, Prime Resorts made 18 staff redundant at the hotel and made a further twenty nine redundancies yesterday. The 140 room hotel, which employs around 80 people, will continue to trade as normal while a buyer is sought.
Discussions are ongoing as to the future of the theme park.