Hotel in Montrose sold for the first time in 30 years
Specialist business property adviser Christie & Co has announced the sale of the George Hotel, a freehold hotel in Montrose town centre, on the East Coast of Scotland.
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With 25 en suite letting bedrooms, a restaurant, a lounge and a function room, The George Hotel had been owned by Patricia Douglas for over 30 years and was sold to allow her to retire and spend time travelling. The hotel is a popular local institution and attracts visitors all year round.
Following a sale process with Simon Watson at Christie & Co, the hotel has been sold to a private operator.
Patricia Douglas commented, “It has been an absolute pleasure to own The George for 35 years, and may I take this opportunity to wish the new owners well. A huge thank you to my staff who have been amazing, to all the customers who have been so loyal for many years, and not forgetting our local suppliers. Thank you all.”
Simon Watson, Business Agent at Christie & Co, added, “I am delighted for Trish that we managed to achieve the sale of the George Hotel. I would like to wish her all the best for the future and equally to the new owner. There is still strong demand for accommodation-led businesses in Scotland. If you would like to discuss the potential sale of your business, please get in touch for a no obligation chat.”
The hotel freehold was sold at an undisclosed price.
For further information on this press release, contact:
Jasmine Davis, Corporate Communications Manager
P: +44 7561 115179
E: jasmine.davis@christie.com
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