The Rowantree Hotel in Oban is looking for a new owner as it goes on the market for £1.1m.
The 24-bedroom boutique is situated on the main road entering Oban and has been extensively refurbished and upgraded to a boutique style.
The property offers an open plan lounge, bar, steak house, grill restaurant, as well as a patio terrace at the front of the hotel.
The Rowantree Hotel is currently owned by Marie Lynch and Steven Shaw, who are now looking to move on.
Edinburgh-based Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “The Rowantree Hotel has been extensively refurbished and upgraded by the current owners creating a high quality and boutique style hotel atmosphere, the success of which is reflected in the improving turnover and profitability over the years. The hotel’s central location to Oban ensures a significant amount of walk-in custom from locals and visitors alike, who enjoy the restaurant and bar facilities and patio terrace.”
Oban in the Highlands is known as The Gateway to the Isles and is a perennially popular leisure destination with rail links and a ferry terminal serving the Hebridean islands. At the same time it is an important regional centre covering the local community over a wide hinterland.
Paul Nicoll MRICS, a consultant with joint selling agent Bell Ingram, added: “The Rowantree is one of the few modern boutique-style hotels available in Oban, which not only benefits from its prominent location for visitors, but also its convenience for locals. The recent significant reduction in ferry fares has resulted in a considerable increase in visitors to the town, who are staying overnight rather than travelling immediately out to the Inner Hebrides.
“In addition, the council has recently installed pontoon berths for 36 boats, just a two-minute walk from the Rowantree, which will surely benefit the hotel and the town in general.”