Original plans have been scaled down due to the current economic climate, but Aurora has decided to continue to invest in the area after submitting revised proposals. The new plans would see the development of a new 120-bedroom 4-star hotel and spa, with 12 luxury lodges and 36 luxury apartments.
Commenting on the plans, Steven McLeod said “We are really excited about this project and are confident that the local community and council will support the plans.
“For this development to work, however, we need permission for all elements included in our proposals or it simply won’t be financially viable and not justifiable in today’s economy.”
The first phase of the development is set to see the creation of the 12 new lodge houses in a similar style and quality to the existing Coach House and the construction of 18 luxury ‘city style’ apartments.
The Aurora Hotel Collection was established by Steven McLeod in 2004, with the purchase of nearby Airth Castle Hotel & Spa and since then the group has expanded to include 10 luxury venues across central Scotland.
He added: “We plan to re-invest the revenue from the sale of the apartments to fund the new hotel. The hotel will offer unrivalled facilities, for both local residents and visitors to the area, and will feature 120-bedrooms, a leisure club and spa, restaurant and bar, meeting rooms and an executive floor.”
When the work is completed, Mr McLeod estimates that over £40 million would be invested into the development, which will “boost the local economy, generate over 250 new jobs and create fantastic new amenities in the area.”
“As a local company with a strong track record in the area we are looking forward to moving forward with this exciting development in early 2013.”
Hailing from the Raploch Estate in Stirling, Steven McLeod is a leading entrepreneurial figure in Scottish hospitality, and was recently recognised by his industry peers when he was awarded ‘Scottish Hotelier of the Year’ at the 2012 Scottish Hotel Awards.