Scotland’s leading independent hospitality business, Crieff Hydro, has announced the purchase of two hotels on the west coast of Scotland – the Isles of Glencoe Hotel and the Ballachulish Hotel.
Crieff Hydro Family of Hotels has managed these two hotels since 2014, having taken over after a number of unsuccessful management companies, and during these two years business has improved substantially.
The acquisition takes the number of hotels in the Crieff Hydro portfolio to a total of six and the business plans to invest substantially in developing both Isles of Glencoe Hotel and the Ballachulish Hotel.
Chief executive, Stephen Leckie, said: “These two hotels complement the existing collection we own. Their family-feel, great locations, access to beautiful scenery and warm homely feeling just make them a perfect fit. We have proven so far that with local management and involving people who are passionate about Scotland in the business, they can be a great success. We look forward to seeing these businesses continue to grow.”
The 59-bed Isles of Glencoe Hotel was purpose built in the 1990s on the shoreline of Loch Leven, and is home to a swimming pool and popular restaurant and bar.
The 53-bed Ballachulish Hotel is steeped in history, having been the crossing point of Loch Linnhe for centuries, first by ferry and more recently across the Ballachulish Bridge.
Crieff Hydro Family of Hotels now owns six hotels, two in Crieff; Crieff Hydro Hotel and Murraypark, two in Peebles; Peebles Hydro and The Park and now these two new additions.