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Luxury five-star hotel, Fonab Castle Hotel, located in the heart of Highland Perthshire, Scotland, has been acquired by Blantyre and Fairtree.
The acquisition represents one of the largest transactions in rural Scotland this year and is a landmark transaction for both Blantyre and Fairtree in relation to the expansion of their active UK hotel investment strategy.
Fonab Castle Hotel is a 42 bed five-star luxury hotel and spa nestled in the heart of Highland Perthshire. “Lovingly restored”, the hotel is said to draw inspiration from its historic past and “breath-taking surroundings whilst adding a contemporary twist.
Fairtree Alternative Real Estate is a UK based hotel investment and management company set up by four individuals with “extensive experience” in the hospitality industry having invested into and managed 43 Hotels across South Africa and the UK.
Meanwhile, Blantyre Capital Limited is a London-based investment management firm with long-term committed capital in excess of €1.6bn (£1.33bn).
Niall Thompson, general manager at Fonab, said: “It’s very exciting to have new owners on board who share the value of a bespoke and truly unique luxury offering. The entire team is excited at the opportunities that this new season will bring.
“To be able to have the financial and management support of the Blantyre and Fairtree partnership will enable us to further enhance and develop our guest offering to truly position ourselves as one of the finest luxury hotels in Scotland.”
Joe Bester, Portfolio manager at Fairtree, added: “We are very happy to be partners in this landmark deal. Niall Thompson, our general manager, and his team have created a fantastic hotel and we are keen to work with them during the journey ahead!
“We look forward to building on the phenomenal standards and reputation of Fonab and guiding the hotel into this new chapter as we enhance and extend its luxury offering. We are excited to be partnering with Blantyre as we are convinced to have found the perfect partner backing us on this journey to build a leading UK Hotel Platform.”
Johann Scheid, investment executive at Blantyre, said: “We are delighted to have concluded this deal with our partner Fairtree which has an impressive track record in both hospitality asset management and operations and are looking forward to scaling our portfolio with them across the UK.”
