A hotel near Gleneagles is set for growth under new owners.
The Tormaukin Hotel in Glendevon, Clackmannanshire has been bought by Edinburgh company, Creaky Gate Limited, run by Keith Shaw, who plans to capitalise on the property’s proximity to world famous Geneagles resort.
Tracing its origins to an early 18th century drovers’ inn, the Tormaukin Hotel had been developed the previous owners since they bought it in 2010.
They skilfully retained the historic charm of the old country inn with its exposed stone walls, open fires and beamed ceilings, while transforming it into a modern facility for the 21st century.
The Tormaukin Hotel has 11 letting bedrooms, two lounges and two restaurants, including one in the conservatory.
The sale also included three modern chalets suitable for owner and staff accommodation.
The purchase price of Tormaukin Hotel, Glendevon, near Dollar, was not disclosed but selling agents Colliers International confirmed that it was close to the asking price of around £825,000.
Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “With its central location close to many population centres and its proximity to Gleneagles, Tormaukin Hotel has for many years been an extremely popular destination.
“Over the past four or five years the business has been re-established and its popularity reinstated with a sound business and turnover and good profitability.
“The new owner intends to continue the development and promotion of Tormaukin Hotel and to further capitalise on the spin-offs of the property’s location.”