A top hotel in Perth has gone on the market with offers of around £3.25m being invited as its owners look to sell.
Colliers International is marketing Leonardo Boutique Hotel Huntingtower, on the outskirts of the city, on behalf of Leonardo Hotels, which has owned the 34-bedroom hotel since 2016.
The country house hotel, built in original Tudor style and set in six acres of gardens, boasts strong room occupancy and a ‘healthy trading base’, generated from leisure and corporate business across its bedrooms and substantial meeting facilities.
Julian Troup, head of UK hotels agency at Colliers International, said that Perth’s hotel market was doing ‘well’ and the sale was a good opportunity for hoteliers looking to gain a ‘quality asset’ in the area.
“Perth’s hotels room occupancy has increased steadily over recent years, reaching a high of 78.3% in 2017,” he said. ”This is almost 3 percentage points higher than the Regional UK average.”
The 34-bedroom Huntingtower is also an established wedding venue, with substantial meeting and event income thanks to its six meeting rooms, restaurant and conservatory.