Thursday, June 13, 2024
Thursday, June 13, 2024
HomeNewsAbbotsford Lodge Hotel set to re-open under new owners

Abbotsford Lodge Hotel set to re-open under new owners

CDLH Chartered Surveyors have completed the sale of the Abbotsford Lodge Hotel, the 14-bedroom property in Callander, for an amount above the £595,000 asking price.

The new owners, Craig Gillespie and Kayleigh Keith, also operate the Tower Hotel in Crieff and the Crown in Callander, and are set to re-open The Abbotsford Hotel next week (10 August).

Alan Creevy, director of CDLH, said, “The company operating the Abbotsford Lodge Hotel in Callander, was placed into Administration in early 2023. CDLH were instructed by the administrators to place the property on the open market in February 2023.”

He added, “The Scottish rural hotel market has had a phenomenal year in terms of the large number of sale transactions and, indeed, strong hotel operating performance.

“We continue to see significant levels of interest in both rural and city hospitality properties with the strongest interest in hotels from overseas buyers in particular.”

The property, which includes a large owner’s house, staff accommodation, and a self-catering unit, was sold by the joint administrators of Mountview Hotels Limited, Michelle Elliot and Stewart Robb of FRP Advisory.

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