A hotel situated close to Donald Trump’s Aberdeenshire golf resort has gone on the market after falling into administration.
The White Horse Inn in Balmedie is continuing to trade while joint administrators Iain Fraser and Tom MacLennan, partners with FRP Advisory, seek a suitable buyer for the restaurant with rooms.
Opened in 1975, the property has been trading for the last 40 years situated in the centre of Balmedie village, and adjacent to a coast characterised by 14 miles of sand dunes.
An extensive refurbishment of the hotel was completed in late 2014.
The business has a turnover of circa £700,000 and employs 26 staff, all of whom have been retained.
As a result of the downturn in the oil and gas industry impacting the hospitality sector, The White Horse Inn has been struggling with cash flow and trading problems.
Iain Fraser said: “The administration of The White Horse Inn presents an attractive opportunity for an existing licensed trade operator or an entrepreneur to acquire an established hotel with full hospitality facilities in a very desirable location.
“We would encourage interested parties to contact the FRP Advisory Aberdeen office as soon as possible.”