Scotland’s Kincraig Castle Hotel sold for £1.8m

The Kincraig Castle Hotel, Invergordon, has been sold off of a guide price of £1.8m.

Kincraig Castle Hotel is a baronial-style former mansion house with accommodation over three principal floors under a multi-pitched slate-covered roof with turrets.

The property has been extended over the years with a mixture of extensions to the rear of the subjects over one and two stories. The hotel stands on 10 acres of land, set back from the main A9 road, part of the world-famous NC500.

The Kincraig Castle Hotel has a variety of accommodations, consisting of a large resident’s lounge and reading room; Alexander Restaurant; Mackenzie Function Suite; snug bar and a commercial kitchen. Outside there are steading and stables block.

Ray and Amy Grant have been the owners of Kincraig Castle Hotel over the past nine years and despite the challenges faced during the Covid-19 pandemic, they’ve grown the business substantially during this period.

The new owner of the Kincraig Castle Hotel is Ruchir Gupta of Siya Properties Limited, who said he is “delighted” to have its first Scottish asset, adding to the Falcon Hotel in Farnborough.

Gupta was particularly interested in Scotland, after seeing how they fared during the recent recovery from Covid. He is keen to add other similar-styled Hotels to his portfolio.

Peter Seymour, a director within the Hotel and Leisure department of Graham and Sibbald, who handled the sale, said: “We launched this campaign a few months before Covid reached the UK.

“The campaign was affected by the lockdowns and buyers’ inability to travel, but we constantly had worldwide interest in the disposal and achieved a price in line with our pre-covid expectations. We are delighted that an experienced operator saw the potential of the Hotel and we wish Mr Gupta every success in the future.”