A successful hotel business that boasts an enviable position in the highlands of Scotland has been snapped up by a new owner who has ambitious plans for the future of the property.
The Four Seasons Hotel in St Fillans, Perthshire has been sold by retiring hotelier Andrew Low, who is taking a step back after more than almost 20 years at the helm of the 12-bed property.
Incoming owner Susan Stuart is making her return to Scotland from London and has big plans to attract and develop top quality hospitality talent for the area.
During Low’s ownership, the property gained a AA three start rating and 2 AA Rosettes for dining. The hotel sits on the east end of Loch Earn in over 2 acres of private grounds.
Stuart’s acquisition marks her debut hotel venture. “I feel privileged to be the guardian of what is one of the most outstanding hotels in the area,” she said.
It is believed to be the only time in more than 30 years that The Four Seasons has been placed on the open market.
The hotel has 12 bedrooms as well as a restaurant, bar and lounge.
In addition, in the wooded sloping grounds to the rear of the hotel, there are six detached chalet lodges.
There is also a five-room flat for resident owners, a self-catering flat for letting purposes and extensive staff accommodation including a flat and a staff block.
Alistair Letham, a director in the UK hotels agency team at Colliers International, commented: “The Four Seasons Hotel is a very well-known and quality destination hotel in a beautiful and sought after part of Perthshire countryside. The business has been maintained very well over the years sustaining its quality gradings for accommodation and food. Trading seasonally – March to December – the business is well established and Susan Stuart, with her own experience, will no doubt add to the existing custom and possibly extending the season.”
The purchase price was not disclosed but selling agents, Colliers International, confirmed it was close to the asking price of offers over £795,000.