Crerar sells Craiglynne hotel to Bespoke
Crerar Hotel Group has sold the freehold of the Craiglynne hotel to Bespoke Hotels, which has entered into a joint venture with a group of unnamed investors.
The 83-bedroom hotel in the Scottish Highlands was sold off a £2m guide price and was one of three properties Crerar brought to market earlier this year.
The 92-bedroom Ben Wyvis hotel in Strathpeffer was sold to Strathmore Hotel Group last month and the group has retained Colliers International to assist in disposing of further potential hotels within the portfolio, including the third remaining hotel, the 52-bedroom Eight Acres hotel in Elgin, Moray.
Haydn Fentum of Bespoke Hotels said: "We are delighted with the purchase of the Craiglynne hotel, which underlines our commitment and confidence in the Scottish Tourism and the hotel market. We look forward to a long and happy association with the hotel, town and region."
Julian Troup, head of UK hotels agency at Colliers International, commented: "The marketing of Craiglynne hotel was conducted in a confidential fashion and attracted a healthy level of interest and is a further example of domestic and overseas buyers looking to secure a hotel in a prime Scottish location."
Crerar sells Ben Wyvis hotel to Strathmore >>
Crerar Hotel Group puts trio of hotels on the market for £6.85m >>
