Monday, December 4, 2023
Monday, December 4, 2023
HomePropertyFor SaleHotels On the Market

Hotels On the Market

There are great opportunities out there for hoteliers looking to grow their portfolio and for managers looking to take on their own property. We highlight a few of the current hotels on the market. 

Philipburn Hotel, Selkirk

Philipburn Hotel on the outskirts of Selkirk has been brought to the market with Graham and Sibbald, acting jointly with Smith and Clough Business Associates to sell the hotel which has been owned by Ian and Marie Wells for the past 16 years.

The hotel is for sale for offers over £1.35m and that will get the new buyer 20 letting bedrooms and a range of bar, restaurant, meeting and function facilities, as well as gardens, seating terrace and an open-air pavilion for wedding ceremonies.There are also three double-bedroom apartments for private or staff accommodation. The Philipburn Hotel is part of the Best Western Group Signature Collection Brand, and was recently awarded, by Best Western, the Brand Ambassador Award for 2022.

The property is offered for sale to “facilitate their retirement from the trade”, the agent said. Alistair Letham, of Graham and Sibbald, said, “The Philipburn Hotel is a most attractive property with which I have had the pleasure of being associated with for some 30-plus years.” Graeme Smith, a director with Smith and Clough, said, “We are delighted to be working alongside Graham and Sibbald on the sale of this award-winning hotel.”

The Abbotsford, Ayr

The Abbotsford in Ayr, a 14-bedroom hotel situated in a peaceful residential area of Ayr is now for sale. It was opened in 1966 and has been in the same family ever since. All the guests rooms are en-suite guest rooms and the property benefits from a reputable restaurant renowned for its Scottish style of cooking, a bar, sports lounge and large function room accommodating upwards of 120 guests, and a beer garden. It is being marketed by Bruce & Co for £1,050,000.

The Millcroft Hotel, Gairloch

The Millcroft Hotel in Gairloch, which operates year round, is being marketed by DM Hall, for offers over £700,000. The Millcroft is situated beside the Gairloch holiday park and is a busy hotel which provides a good level of year-round trade. The Millcroft is a detached traditional hotel which was extended to the rear in the 80’s, providing 12 individually styled ensuite letting rooms as well as owners’ and manager’s accommodation. At its heart is a busy, well presented lounge bar and restaurant which can accommodate approximately 36 at present, with both dining areas combined accommodating up to 40 covers.

The hotel also enjoys stunning views over the loch and provides a warm, welcoming and cosy environment. Margaret Mitchell of DM Hall who is overseeing the marketing process, said, “This is a great opportunity to acquire a successful, busy and easily managed tourist hotel with an established reputation and the potential to increase the number of rooms by reconfiguration of staff rooms and redevelopment of disused storage areas.

The Havelock, Nairn

The Havelock a prestigious detached Victorian property, located close to the centre of the popular seaside town of Nairn is on the market for offers around £949,000. . It was purchased by the current owners seven years ago and has undergone some significant upgrades to create a “very successful operation”. The 5 -bed hotel operates as a pub with rooms, and has strong reputation for good food and entertainment which trades throughout the year, with. According the selling agents ASG Commercial, it generates excellent profitability and turnover. The property includes a beer garden as well as owners/staff accommodation.

The Huntingtower Hotel, Perth

The Huntingtower Hotel has a long-established reputation as Perth’s principal hotel. The 35 bedroom country house hotel, located in its own private grounds of close to 5 acres, is an ideal setting for weddings, meetings and conferences, as well being a popular leisure break destination and it being marketed by Colliers. With net turnover approaching £2,000,000 pa, offers of £3 million are invited.

The original property, with its Tudor style facade, and in the 1990s the hotel was substantially extended with a new bedroom wing and function suite. Historically, planning consent was granted for an additional 28 bedrooms and a full spa, leisure and fitness centre. This consent has now expired but can be re-applied for. It has convenient accessibility to Perth’s A9 western bypass via a new exit. The Huntingtower Hotel links with ease not only to Perth and its surrounding areas but further afield too.

Cullen Bay Hotel, Cullen

Cullen Bay Hotel in Cullen, Aberdeenshire, a former 2021 Travellers Choice Award Winner in on the market for offers over £1,350,000.. CCL are handling the sale of the 14 ensuite bedroom hotel which has been extended and upgraded over the years and has become a very popular stopping point for tourists. It has a mix of income from wet, food, accommodation, and functions.

Set in a secure site the property sits in a prominent, elevated position and enjoys sea views over the moray coast and a links golf course. It is located a short walk from the town centre of Cullen, with many amenities including restaurants, shops, and links golf course. Cullen is approximately midway on the A98 between Inverness and Aberdeen, 20 miles east of Elgin and is a popular seaside holiday destination.

The Benleva Hotel, Drumnadrochit

The Benleva Hotel, located on the A82 and on the banks of Loch Ness, one of the most prominent tourist roads in the Highland, offers much tourism potential. Located 20 minutes from Inverness, the village comes alive during the bustling summer months as tourists, visitors and day trippers arrive. Nearby Urquhart Castle is one of the most visited tourist locations in the Highlands thought to have been built originally in the 13th century as a fortress for Clan Grant.

The business has s net turnover under management of over £500,000 and is being marketed by Cornerstone Business Agents for £625,000. Although offered freehold, leasehold sale is also considered. The property has 11 ensuite letting bedrooms , a bar, restaurant/breakfast room, Beer Garden to the rear, and garden grounds with tree lined drive and a car park.

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