New hotel management signings for Crieff Hydro
Following the acquisition of two hotels earlier this year, independent Scottish hospitality business Crieff Hydro has announced it will be operating the Green hotel in Kinross ([pictured) and the Kings House hotel in Glencoe.
The Green hotel is made up of the Green Hotel and the adjacent Windlestrae hotel. The Green Hotel is a former 18th century coaching inn, with 46 rooms, the Jock's Bar, Basil's restaurant, meeting rooms and the Backstage live music venues. The Windlestrae Hotel has a further 47 rooms, Monty's restaurant, Rushes bar, meeting and event space for up to 120 and a spa and leisure centre.
Both hotels are owned by the Montgomery family, who first purchased the Green hotel in 1926.
Jamie Montgomery said: "Having Crieff Hydro manage our hotels is the start of a new chapter. As well as benefiting from the experience of the management team at Crieff Hydro, I am also pleased to announce that we will be investing a six-figure sum in upgrading and refurbishing both hotels."
Matthew Garstang, head of finance at Crieff Hydro, added: "Taking these hotels under our management has really highlighted the benefit of being part of a wider group. We have seen significant savings in the purchase price of almost all that the hotel buys, because we are working as one larger collective. Already since taking over management at the Green hotel we have seen savings of around £10,000 a month for that property, allowing us to buy better quality produce or re-invest the savings elsewhere into the hotel."
Crieff Hydro has also recently added the Kings House Hotel in Glencoe to its now 10-strong group of hotels, which includes the Isles of Glencoe hotel and the Ballachulish hotel on Scotland's west coast.
The Kings House was acquired by the neighbouring Black Corries Estate two years ago and over the past six months the management team at Crieff Hydro have been working closely with property consultant company Bidwells, which has provided interim strategic management for the hotel. Together the two parties are progressing plans for an ambitious redevelopment. A new bunk house, with 30 bunks in 10 rooms, opened at the beginning of November, along with the Way Inn, a temporary café and bar.
Stephen Leckie, chief executive at Crieff Hydro, said: "We are excited about these latest additions to our family of hotels. Like all of our other hotels, these are at the heart of the local community."
Crieff Hydro group buys two more Scottish hotels >>
Crieff Hydro expands by acquiring two hotels and taking on management of four >>
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