Lochardil Hotel in Inverness sold to established operator
Specialist business property adviser, Christie & Co has completed on sale of The Lochardil Hotel in Inverness to group operator, Perle Hotels.
The well established hotel is situated in a quiet suburban area, five minutes from Inverness city centre, and is popular with both corporate and leisure guests. 12 bedrooms are provided within the original hotel building with a further 16 letting rooms provided in a modern, two storey annex building.
Family owned and operated for over 30 years, previous owners, Eileen Fraser and Graeme MacBean decided to sell The Lochardil Hotel to enjoy a well-earned retirement.
The hotel was purchased in a confidential, off-market transaction by Perle Hotels, adding to their Scottish hotel portfolio, which currently includes the Perle Oban Hotel as well as the Marmalade and Bosville Hotels on Skye.
Perle Hotels purchased The Lochardil Hotel due to their desire to add an Inverness hotel to their portfolio, given the increasing popularity of the area, with visitors to Scotland venturing further north from the Central Belt to enjoy the dramatic scenery in the Highlands.
Stuart Drysdale, Director at Christie & Co who handled the sale, comments, “We were approached by the owners of The Lochardil Hotel to undertake a discreet marketing process as there was no rush to sell given the strong profit margins consistently recorded. The hotel has enjoyed healthy turnover levels and profits over the years and we are confident Perle Hotels will be able to build upon the historic trading levels as Inverness continues to enjoy increased visitor numbers.”