A family-owned hotel located in the town of Kirkwall in the Orkney Islands off the northern coast of Scotland has gone on the market with a guide price of £4.5m.
Comprising of 51 bedrooms and nine serviced apartments within a separate three-storey building on the site, The Ayre Hotel benefits from high levels of trade from both the corporate and leisure trade.
The property also boasts a lounge bar, restaurant, conservatory and function and meeting rooms, plus it is fully equipped with ancillary areas including a commercial kitchen, wine cellar, laundry room, and office.
Firmly established in Kirkwall, the largest town and capital of the Orkney Islands, The Ayre Hotel currently holds the number one rating of all hotels on Orkney on the reviews site, TripAdvisor.
Stuart Drysdale, associate director at Christie & Co, who is handling the sale, says that the addition last year of the nine apartments significantly increased both turnover and profitability.
He comments: “The Ayre Hotel is well established in Kirkwall and has been family owned and operated for a number of years. The mix of standard letting rooms and self-catering apartments provides a range of choice for the business and leisure traveller. The business trades exceptionally well.”