Dunfermline’s Pitbauchlie House Hotel, which has been trading under the Best Western brand, has been sold by Solley Hotels to Smar Hotels Ltd.
The 53-bedroom hotel, the last to be sold in Solley’s group, was sold in an off-market deal through the specialist Hotels team at Colliers. This is the firm’s latest deal for the family-owned hotel group after disposing of the Kings Manor Hotel, in Edinburgh and Balgeddie House Hotel in Glentrothes earlier this year.
Sam Surani, of Smar Hotels Ltd, which now owns three hotels in the UK, said: “We are thrilled to add the Pitbauchlie House Hotel to the Smar Hotels portfolio. Its prominent location, just under 30 minutes from Edinburgh airport, and excellent facilities, including the food and beverage areas and flexible function rooms, make it a valuable addition for both leisure and business travellers. The hotel’s close proximity to major corporations and Dunfermline’s rich history align with our goal of offering unique experiences while catering to a diverse clientele.
“This acquisition continues our strategic expansion following recent sales, allowing us to focus on building a strong presence in key locations across Scotland. We look forward to investing in the property and working with the talented team at Pitbauchlie House to enhance its offerings while maintaining the charm and service that guests have come to love.”
Julian Troup, Head of Hotels Agency at Colliers handled the sale. He said, “We’re pleased to have managed the confidential sale of another outstanding Scottish hotel asset. The Pitbauchlie House Hotel generated interest from buyers based in Scotland and further afield as it’s a very well-known hotel and hospitality business in the region. It is an excellent purchase for Smar Hotels Limited as their operation in Scotland grows.”
Edinburgh-headquartered legal firm Lindsays advised Solley Hotels on the deal, as well as the Balgeddie House and Kings Manor transactions while Thorntons Solicitors acted for Smar Hotels Ltd in the legal process.