Craigatin House and Courtyard in Scotland has been snapped up by first-time hospitality buyers following a competitive bidding process.
The award-winning property has been owned by Martin and Andrea Anderson since 2007, who have invested significantly in refurbishing the property and its 14 bedrooms.
Now the hotel has been sold to Lynne and John Fordyce, who were successful following a buying process that generated numerous bidders and regular interest in the property, headed up by Graham + Sibbald.
The undisclosed sale price was agreed from an asking price of £1.35m.
The deal was said to be in negotiation for ‘several months’ allowing the buyers to ‘hit the ground running’.
The purchase was supported by investment from a Dutch bank, who are keen to be more active in the sector.
Peter Seymour, head of hotel & leisure at G+S says: “It was a pleasure to work with Martin and Andrea in selling their fantastic business. Craigatin House & Courtyard is definitely one of Scotland’s gems.
“The campaign generated numerous bidders and there was regular interest and offers generated throughout the marketing period. The deal has been supported by a Dutch Bank and they seem keen to do more in the sector in the future. We feel this is a strong sign that there is apathy to Brexit in the market at the moment, because buyers are putting their heads down and just getting on with it.”
With other businesses still in Pitlochry, Martin and Andrea are now investigating other commercial opportunities in the area.