Christie & Co instructed to market eight hotels across Scotland and the North of England on behalf of joint administrators from Interpath
Specialist business property adviser Christie & Co has been instructed by the Joint Administrators of Strathmore Hotels Limited, James Dewar and Alistair McAlinden of Interpath to market eight hotels located across Scotland and the North of England.
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The portfolio comprises eight hotels offering a combined 808 bedrooms. The hotels benefit from established trading positions within popular leisure and tourism destinations and provide a range of value-add opportunities through refurbishment, repositioning, and active asset management.
Situated in the town of Fort William, in the Scottish Highlands, Alexandra Hotel caters to leisure guests and outdoor enthusiasts and comprises 93 letting rooms as well as a food and beverage offering in the form of The Bistro and Linhe Restaurant.
Also located in Fort William and at the foot of the renowned mountain, Ben Nevis Hotel & Leisure Club features 119 letting rooms, a swimming pool, function room, bar and restaurant as well as other leisure facilities.
Trading since 1890 and offering 135 bedrooms, extensive function space and a 350-seat restaurant, the iconic Cairn Hotel in Harrogate town centre offers strong year-round trading and significant redevelopment potential.
Cumbria Grand Hotel occupies a prominent elevated position in Grange-over-Sands and includes 124 bedrooms, extensive function facilities, a grand ballroom and a spacious restaurant.
Well-presented and with a variety of public areas for guests and local footfall, Nethybridge Hotel sits in a rural, picturesque National Park village and features 70 bedrooms, The Bridge Lounge & Bar, The Abernethy Restaurant and a number of function rooms.
Set in a prime position within Oban and benefitting from strong footfall, Royal Hotel has 91 bedrooms, public areas, food and beverage outlets and function rooms.
As well as featuring an extensive bar and restaurant, Salutation Hotel in Perth also offers five attractive meeting rooms and 84 bedrooms spread across the second and third floors.
Situated in the centre of the Victorian spa village of Strathpeffer, Ben Wyvis Hotel sits within five acres of attractive grounds in a location driven by its proximity to Inverness. The hotel has 92 bedrooms, two meeting rooms, a bar and a restaurant.
Christie & Co has been instructed to market the hotels by the Joint Administrators of Strathmore Hotels Limited, James Dewar and Alistair McAlinden of Interpath.
Alistair McAlinden, Joint Administrator and head of Interpath in Scotland commented, “We are pleased to be able to bring this very well-established portfolio of hotels to the market as a going concern – and we are heartened by the significant level of interest expressed in the portfolio already. Upon the sales process being launched, interested parties should contact Christie & Co as quickly as possible to discuss and progress their interest”.
Brian Sheldon, Regional Director – Hospitality at Christie & Co, who is managing the sale process, commented, “We are delighted to be acting on behalf of the Joint Administrators from Interpath, to market the eight hotels which form part of Strathmore Hotels Limited. We look forward to officially launching the sales process very soon and gauging from the initial enquiries we have received to date, we anticipate being very busy.”
The assets are being offered for sale as a portfolio, in part portfolios or on an individual basis and are expected to attract interest from a broad range of hotel operators, investors and hospitality groups.
Initial enquiries should be directed to Christie & Co hotel specialists, Brian Sheldon, Jeremy Jones and George Ranachan.
Alexandra Hotel is on the market freehold with an asking price of £5,750,000.
Ben Nevis Hotel & Leisure Club is on the market freehold with an asking price of £6,500,000.
Cairn Hotel is on the market leasehold with an asking price of £6,000,000.
Cumbria Grand Hotel is on the market freehold with an asking price of £2,750,000.
Nethybridge Hotel is on the market freehold with an asking price of £1,750,000.
Royal Hotel is on the market freehold with an asking price of £4,850,000.
Salutation Hotel is on the market freehold with an asking price of £3,750,000.
Ben Wyvis Hotel is on the market freehold with an asking price of £3,650,000.
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