Scottish independent hospitality business, Crieff Hydro, has signed three hotels to the group, following its purchase of two West coast hotels.
It has signed management contracts to operate the Green Hotel in Kinross and Kings House Hotel in Glencoe; and the lease to operate the Peel Café at Glentress in Peebles. Earlier this year, it purchased The Isles of Glencoe and The Ballachulish.
Stephen Leckie, chief executive at Crieff Hydro, explained the importance of all three deals: “The continued growth of our business strengthens our position as one of Scotland’s foremost hospitality companies. Crieff Hydro is one of Scotland’s oldest trading companies, and through these new additions we can continue to share five generations of knowledge and experience.”
The owner of the Green Hotel, 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,” he said.
Picutred is the Green Hotel in Kinross.