The 72-bedroom Scotland’s Hotel and Leisure Club hotel in the town of Pitlochry, Perthshire, has been sold in an off-market deal to Irish-owned CastleCollection.com, off a guide price of £2.5m for the freehold property and business.
The hotel features a lounge, restaurant and swimming pool, as well as planning consent for 24 additional bedrooms, and was sold by Julian Troup, head of Colliers’ UK Hotels Agency, on behalf of the Crerar Hotel Group.
Troup said: “The acquisition of Scotland’s was conducted in a highly confidential fashion and is a further example of domestic and overseas buyers looking to secure a hotel in a prime Scottish location.”
CastleCollection.com, which is owned and run by the MacCumhaill family, said the acquisition forms the group’s seventh hotel property across Scotland, Ireland and Wales and joins Fishers Hotel and Atholl Palace, also in Pitlochry.
Fionn MacCumhaill, managing director of the CastleCollection.com,added: “We are delighted to add Scotland’s Hotel & Leisure Club to our collection, which will strengthen the hotel base and tourist offering, in what we believe is the heart of Scotland.
“Pitlochry is a great choice for staycation tourism and we aim to create a modern metro boutique hotel with spa to grow this segment of the market.
MacCumhaill added: “We will be investing a further £2m over the coming year to develop Scotland’s Hotel & Leisure Club into a modern vibrant metro boutique hotel, so keep an eye on ScotlandsHotel.com for updates and great new special offers.”