Patio Hotels to transform Inverness office block into four-star hotel
Patio Hotels (Aberdeen) has acquired Bridge House in Inverness with the intention of transforming it into a four-star hotel.
The hotel group bought the 23,000 sq ft office block from Shepherd Chartered Surveyors (acting on behalf of Threadneedle Pensions) for an undisclosed sum. Patio Hotels also operates the Kingmills Hotel in Inverness.
Sandy Rennie, partner in the Inverness office of Shepherd Chartered Surveyors, said: "This sale represents a very large disposal in the Inverness market and confirms the city's growing reputation as a desirable location for hotel operators.
"The conclusion of this sale follows our recent sale of the adjacent building to Bridge House to Bar Revolution, formerly home to McEwen's of Perth, and provides further evidence of a buoyant market for investment in Inverness's buoyant hospitality sector."
Inverness most attractive Scottish market for hotel investors >>
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