A hotel in Scotland with bags of expansion potential has gone up for sale for £2.5m.
The Royal Hotel, on the affluent town of Bridge of Allan close to Stirling, is a detached three-storey Victorian property, featuring 34 bedrooms banqueting facilities and a restaurant and bar.
The property is spread over two acres of land and also comes with development potential to add a further 26 bedrooms, front dining terrace and leisure facilities, subject to planning permission.
The hotel has undergone a significant refurbishment and upgrading programme which was completed in autumn 2017, with the centrepiece of the renovation project being the reconfiguration of the reception area on the ground floor and the creation of The Fifty Five Bar & Grill.
In addition, the ballroom and the two function spaces on the first floor were completely refurbished and upgraded.
The hotel enjoys consistently strong levels of business throughout the year and has delivered year on year growth across the different areas of operation.
The management has been proactive in developing a wide range of product offerings to secure regular business from different markets including corporate and leisure, weddings and special events, charity events, and the festive season, as well as encouraging additional discretionary spend in the hotel’s restaurant and bar.
Stuart Drysdale, director at Christie & Co’s Glasgow office, who is handling the sale comments: “The Royal Hotel is an institution within the town and with its significant refurbishment, we expect a high level of demand for the hotel, from local Bridge of Allan entrepreneurs as well as Scottish and international hotel investors.”