<\/p>\n
Fonab Castle, one of ten brought to market<\/p>\n
The Crerar hotels portfolio, a collection of ten luxury country house hotels comprising nine properties in the Highlands & Islands and one in the Lake District, has been put up for sale.<\/p>\n
Brought to market are Dunkeld House Hotel, Daffodil Hotel and Spa, Oban Bay Hotel, Fonab Castle, Golf View Hotel and Spa, Loch Fyne Hotel and Spa, Isle of Mull Hotel and Spa, Balmoral Arms, Glencoe Inn, and Thainstone House. The hotels will be offered for sale either as a whole portfolio, sub-portfolios or individual assets.<\/p>\n
Blantyre Capital has undertaken a refurbishment programme across several of the hotels, enhancing the guest experience and operational performance and establishing a platform for continued growth.<\/p>\n
Crerar\u2019s Scottish properties account for 14% of luxury rooms in the Scotland North regional submarket. Savills research shows that revenue per available room (RevPAR) has increased by 60% since 2019. This is the third-highest increase in Europe, and in the 12 months to April 2026, Scotland\u2019s RevPAR reached \u00a3100, with growth since 2019 double the level recorded in England.<\/p>\n
Luxury hotels have continued to outperform other hotel classes, supported by average annual average daily rate (ADR) growth of 10% since 2019. Demand is also being driven by high spending international visitors, particularly those from the US, who account for 22% of Scotland\u2019s overnight visitors and 37% of the country\u2019s total tourism spend.<\/p>\n
Steven Fyfe, director of hotel capital markets at selling agent Savills, said: \u201cThe Crerar hotels portfolio represents a rare opportunity to acquire a substantial portfolio of luxury country house hotels in some of the UK\u2019s most sought-after destinations.<\/p>\n
\u201cThe portfolio combines high-quality assets, an established operating platform and a robust income stream with clear potential to drive further performance through targeted investment.<\/p>\n
\u201cScotland\u2019s luxury hotels continue to benefit from their appeal to high spending international visitors, particularly those from the US, Middle East and growing inbound markets from East Asia.<\/p>\n
\u201cThe recent announcement of another round of substantial investment into the two main international airports that support the tourism economy is testament to the region\u2019s appetite to enhance the guest experience and continually improve the existing infrastructure.<\/p>\n
\u201cIts outstanding scenery, historic country houses, whisky distilleries and world-renowned golf offering attract visitors seeking culture, heritage and a personal connection with the country. <\/p>\n
\u201cAgainst this backdrop, the Crerar hotels portfolio provides an incoming owner with a strong platform from which to capture further growth in Scotland\u2019s luxury hospitality market.\u201d<\/p>\n
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\t #Investors #sought #Crerar #Hotels #put #sale #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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