The five-red-AA-star, 17-bedroom Glenapp Castle in Ballantrae, Ayrshire, has been sold 15 years after being launched as a luxury hotel.
Paul and Poppy Szkiler, who are based in London, have acquired the Victorian baronial castle from McMillan Hotels. Paul Szkiler is chairman of Truestone Impact Investment Management, which specialises in mainstream and social investments.
Douglas McMillan said his parents have worked "incredibly hard" and will continue to help and advise the company in the future. "A succession from one generation to another is an exciting time for any company and the new head office team has many thoughts and ideas on how to take the business forward in the coming years."
Fay and Graham Cowan, the MacMillan's daughter and son-in-law, who developed and ran Glenapp for McMillan Hotels since the property was acquired by the company in 1994, will leave the property. They oversaw a six year restoration project to transform what was a dilapidated building into a luxury hotel.
"We have all given a lot of thought to the future of Glenapp, and our own futures and, although it wasn't an easy decision, we concluded that our own futures should be within the wider family business," said the Cowans. "We are delighted to pass on Glenapp to the Szkilers and Truestone who we know will take great care of it and its staff, and will continue to operate the business to a very high standard."
Originally built in 1870, Glenapp Castle, which sits within a 36-acre estate overlooking the Isle of Arran and Ailsa Craig, has been a member of Relais & ChÁ¢teuax since 2001. Its restaurant, headed by head chef Tyron Ellul, holds three AA rosettes.