HomePropertyFor SaleThe Glenburn Hotel in Bute up for sale following administration in August

The Glenburn Hotel in Bute up for sale following administration in August

The 134-bedroom property, which was built in 1843 and opened as a classic grand seaside hotel in 1892,  has an asking price of offers over £1.1m and is being sold by CDLH.

Administrators Stuart Robb and Chad Griffin, partners at FRP Advisory, were appointed last month The Glenburn was extensively refurbished in 2016 and features around 121 guest rooms, ballroom, restaurants, bars, terrace, conference facilities and extensive terraced gardens.

The hotel, which overlooks Rothesay Bay, was popular with package holiday businesses and independent travellers, many of whom would return regularly. There are also three cottages located within the grounds of the hotel.

The hotel had traded briefly since the start of the first lockdown in early 2020 and has been closed since November 2020 with staff initially being placed on furlough. The administration has been caused by significant operating costs, coupled with the fall in revenue due to the COVID 19 pandemic leading to unsustainable cash flow problems.

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