The owners of a successful hotel in Moray, Scotland, have made their second hospitality acquisition.
The Shawfern Group, owned and operated by Michael and Marie Murray and daughters Steph and Lauren, has acquired The Archiestown Hotel in the village of Archiestown to transform into a new 11-bedroom hotel.
The business is currently undergoing an extensive refurbishment and will reopen in the second quarter of 2019, driven by the Group’s ambitious development plan.
The Shawfern Group acquired the Dowans Hotel in 2012 and has since grown business six-fold, turning the property into a destination venue for the region.
Once completed, The Archiestown Hotel will be home to 11 bedrooms, a cocktail bar, restaurant and private dining room among other amenities.
Michael Murray, director at the Shawfern Group, said: “Aberlour has long been a region rich in tourism, thanks to the 56 distilleries in the area, coupled with castles, beautiful countryside and of course, the River Spey – popular with salmon fishing.
“Once renovations are complete at the Archiestown our intentions are for the two hotels combined to offer something for everyone, whether that be for a drink, meal or as a luxury base to explore the region, or, as a venue suitable to host weddings or corporate away days.”
Tom Garner, relationship manager at Royal Bank of Scotland, said: “The Murray family have done a fantastic job in realising their vision for the Dowans Hotel, and have an equally exciting plan for the Archiestown. The customer demand certainly exists, driven by the homegrown businesses and Moray’s large and growing tourist economy. We look forward to seeing the transformation and wish them the best of luck for the future.”