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Apex Hotels has been named as a top 100 Scottish company in Grant Thornton’s Scotland Limited report for 2024, following a period of “exceptional” growth as demand for both business and leisure guests continued to rise.
According to Grant Thornton’s report, Scotland’s top 100 private limited companies make reported revenues of £40bn, EBITDA of £7bn, and employ approximately 136,000 people.
Following the sale of Apex London Wall Hotel and a five-year refinancing deal with Barclays worth over £60m, the group is on the acquisition trail, purchasing two rural properties this year: Pitlochry’s Pine Trees Hotel in July 2023 and Meldrum House Country Hotel and Golf Course in April 2024.
The acquisitions are part of an ambitious expansion plan targeting popular UK destinations.
Angela Vickers, CEO of Apex Hotels, said: “This year we have built upon strong foundations, with a renewed confidence in the market as demand from our UK and international guests returns.
“Our ambitious acquisition strategy will help diversify and expand our portfolio, delivering more choice through a wider range of destinations for our guests.”
She added: “This year we have successfully matched revenue and occupancy growth with a healthy profit margin, allowing us to sustainably re-invest in the business and our people. This includes doubling down on our effort to build a sustainable, community focused organisation through our ESG strategy.”
