Local residents could invest in new boutique hotel project

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Residents of a small town in Scotland have been offered the chance to invest in an ambitious project to turn a rundown former church into a new boutique hotel.

The owners of the planned Monzie Hotel in Crieff, which would take its home in the Old South Church, plan to transform the building into a 12-bedroom boutique with the help of crowd-funding website, www.crowdcube.com.

Planning permission for the development of the hotel was granted last year and it is hoped the new establishment will open in spring of 2016.

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Mr Burke bought the Old South Church in 2012 and now hopes to raise a £1m investment for a 20% equity stake in the hotel.

Speaking to The Courier, John Burke, managing director and founder of the Monzie, said: “We have been overwhelmed by the interest from the local community regarding the transformation of Old South Church into a hotel and we wanted to offer everyone a chance to invest in the project via crowdcube.com.”

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