The Old Manor Hotel sold for £1.2m to holiday park owner

The Old Manor Hotel in Lundin Links, Scotland, has been sold off a guide price of £1.2m to the Wallace family, a local leisure operator that owns three holiday parks and The Bay Hotel.

The Old Manor has been owned by Alistair Saddler for the last 11 years, who sold the hotel to pursue other business interests in Loch Tay.

A refurbishment programme, covering several of the hotel’s bedrooms, was started by the previous owners, and will now be continued by the Wallaces.

Previously a 19th Century mansion house, the 23-bedroom four-star country manor hotel overlooks the Lundin Links golf course and has views over the Firth of Forth and Largo Bay. It is located on the East Neuk of Fife, close to St Andrews and a number of renowned golf courses. 

The property includes the Sea View Restaurant, a cocktail bar and lounge, and a meeting and conference area which can cater for up to 120 guests.

Meanwhile, the Wallace family reportedly has local knowledge on the tourism and domestic market in the area, due to their ownership of the Leven Beach Holiday Park nearby. 

Steven Wallace, one of the directors of Pettycur Bay Holiday Park and The Bay Hotel said: “We’re pleased and delighted to announce that we are the new owners of The Old Manor Hotel, with big plans to update the property with a full refurbishment programme kicking off straight away.

“We want to reopen in the new year, ready to make the most of the spring/summer staycation season, which is particularly relevant this year with the Open Championship taking place in St Andrews later in the summer.”

Robert Smithson, associate director in Colliers’ hotels team, who handled the sale, said: “This sale, following our recent sale of the Airds Hotel in Port Appin, again highlights that strong demand remains for high quality businesses in popular tourist locations; and in particular those assets close to the coast.”