The Kings House Hotel, situated in Glencoe, has been sold by property advisor Christie + Co after a number of offers and interest from around the world.
The business dates back to the 17th century and was owned by Rod and Kerry Leitch who decided to sell as they are relocating to Ireland. Fighting off strong competition from South Africa and Sri Lanka, the final purchaser, Black Corries Estate Management is now planning a major refurbishment for the hotel in 2015.
Black Corries Estate Management already owns 20,000 acre Black Corries Estate adjacent to the Kings House Hotel and they are now pleased to have acquired this historical hotel.
Located at the eastern end of Glencoe, the Inn was originally built for travellers crossing Rannoch Moor on their way from Ballachulish to Loch Lomond via Tyndrum. Today, it comprises 22 bedrooms, public bar, lounge bar and restaurant with separate bunk house and staff accommodation.
Ken Sims, of Christie + Co in Edinburgh, handled the sale. He says: “There was substantial interest in the Kings House Hotel from all over the world including South Africa and Sri Lanka, which resulted in a number of offers being received for this business. This is an iconic hotel in a spectacular setting which proves that there is substantial investor interest in businesses such as this.”
The sale price was not disclosed.