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The Crerar Hotel Group has sold it Ben Wyvis Hotel in Strathpeffer, Scotland, to the family-run Strathmore Hotel Group off a guide price of £2.5m.
The 92-bedroom hotel, which also offers a large bar and restaurant and cinema room, is situated at the heart of the Highlands, and is only a thirty-minute drive from Inverness. Strathmore Hotels is owned and run by the Rickard family, and the newly acquired property adds to the group’s seven other assets.
Julian Troup, head of UK hotels agency at Colliers International, said: “We have found that the whole of Scotland has increased in popularity in the last three or four years; the main drivers have come from both overseas buyers and the national growing confidence in resident buyer’s belief in the security of the hospitality industry.
“Crerar Hotels have continued to retain Colliers International to assist in disposing of further potential hotels within their portfolio”
Chris Rickard of Strathmore Hotels added: “I have been a long-time admirer of Crerar Hotels and I am delighted that we are able to add the Ben Wyvis to our portfolio. A special thanks to Mr Crerar and Colliers for their professionalism throughout the process – and my gratitude also to Euan Tripp at Brodies LLP and Craig Smith at Handelsbanken for their support as always.’’
