Swallow buys 20 hotels for £75m

25 July 2005
Swallow buys 20 hotels for £75m

Swallow Hotels continued its aggressive expansion programme, spending £75m on 20 new hotels.

Seventeen of the hotels were in Scotland, making it the biggest Scottish hotel deal of the year so far.

The hotels were owned by North British Trust Group (NBTG) which sold the properties to focus on the adventure tourism hotel market.

NBTG has retained only four properties, in Oban, Inverary, Strathpeffer and the Isle of Mull.

NBTG's managing director Paddy Crerar admitted the sale was sooner than anticipated. "The strategic decision was taken to reduce the size of the group and have a smaller number of high quality hotels. which are well-placed to take advantage of the trend for ‘adventure tourism'."

Swallow's new properties include Scarborough, Harrogate and Doncaster in England, and Edinburgh, Skye, Ullapool, Pitlochry and Inverness in Scotland.

Swallow now operates 112 hotels.

The deal was handled by Christie & Co and should complete on 1 August.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking