close

Family-owned McMillan Hotels goes up for sale after six decades

Cally Palace Hotel-5

A family-owned hotel group that has been run across three generations has been put up for sale.

McMillan Hotels, based in Stranraer, was founded in 1962 and now the family have made the decision to find new hoteliers with ‘ambitious plans for the future’ to take over the group’s three hotels in Scotland.

The McMillan portfolio includes North West Castle in Stranraer, Cally Palace Hotel & Golf Course in Gatehouse of Fleet and Fernhill Hotel in Portpatrick, all of which have traded well since reopening after the pandemic.

Story continues below
Advertisement

Douglas McMillan, Managing Director of McMillan Hotels, commented;

“Nobody was expecting the world to take the turns it has over the last couple of years, but having come through a global pandemic and emerged stronger and more resilient than ever, the family believes that now is the right time to set the wheels in motion to sell the business.”

“The hotels were trading well before Covid, and have been trading exceptionally well since re-opening. The coming years should also be strong as more people choose to staycation in this beautiful rural region, with its clear open roads, stunning countryside and sandy beaches. In the meantime, it will be business as usual. The McMillan Family will continue to work hard for the future of their hotels and look forward to welcoming many more visitors to Bonnie Galloway.”

“Our family has welcomed our guests for over 60 years and we are determined to hand over the reins to the right people, ideally who will have demonstrable plans to nurture and invest in the business in the coming years. The company is in good shape and we are in no rush to sell.”

Staff have been informed that this process has begun, and Graham + Sibbald Chartered Surveyor and Property Consultants have been appointed as agents for the sale.  

Alistair Letham, Agent at Graham + Sibbald, said; “Graham + Sibbald are delighted to have been appointed by the McMillan Family to seek a new owner/operator for their group of stunning hotels and will be marketing the portfolio on an “offers invited” basis with viewings highly recommended to understand the full offering of each hotel.”

Tags : for saleMcMillan HotelsScotland
Zoe Monk

The author Zoe Monk

Leave a Response