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Chinese investor buys Rosslea Hall Hotel to mark first foray into UK hospitality

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An investor from China has snapped up Scottish boutique hotel Rosslea Hall from Redefine/BDL for an undisclosed sum.

The move marks the debut venture into the UK hospitality market for investor Tom Xu.

The 30-bedroom property located in Helensburgh was originally part of the sale of three regional hotels, which came to market in September 2017 for a combined price of £28.25m.

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The other properties, The Swan Hotel in Bedford and The Langstone Hotel in Hayling Island are still to be sold.

Rosslea Hall Hotel had an individual guide price of £2m for the freehold, with JLL advising BDL throughout the sale process.

The hotel was sold free of management and branding and provides several opportunities for the incoming investor to reposition the hotel and add value.

Alongside its 30 bedrooms, the hotel comprises two function rooms, parking space for 80 vehicles, all situated on the east shore of Gare Loch.

Incoming owner Xu said: “We are delighted to acquire Rosslea Hall as our first hotel asset in the UK. The hotel has an excellent reputation in the local area, given the service provided by the team. We will continue the business as usual and work alongside the team in delivering the next, and better, chapter of the Rosslea Hall Hotel.”

Tags : investorRosslea Hall HotelScotlandsold
Zoe Monk

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