UK Property Firm Graham + Sibbald are delighted to announce the Grant Arms Hotel, 25-26 The Square, Grantown-on-Spey, Highland, PH26 3HF has been SOLD.
The Grant Arms Hotel is a traditional town centre hotel and is a Historic Listed Building (Category C) with accommodation over 4 principal floors. The original building was built in 1765, making it one of the oldest hotels in Scotland. Visitors it has welcomed over the years include both Queen Victoria and the present Queen. The hotel provides 51 bedrooms, furnished to 4-star standard, a spacious bar, a capacious restaurant, lounge and, rather uniquely, a Bird & Wildlife Watching Club with lecture/meeting room.
The hotel has been sold by England based BWWC Ltd, who, over the years, successfully developed the popular Bird & Wildlife Watching Club based at the hotel, whilst upgrading and refurbishing the property.
The Grant Arms Hotel has been acquired by an undisclosed overseas buyer, with the Grant Arms Hotel their first leisure business acquisition in Scotland and the UK. The purchaser intends undertaking phased enhancements to the hotel that are sensitive to its historic character.
Alistair Letham, a Hotel Consultant with Graham + Sibbald, commented; “The sale of the Grant Arms Hotel, a truly stunning town centre hotel located in the Highlands of Scotland, easily accessible to some of Scotland’s most attractive destinations, signals the continuing demand for good quality hotel businesses in popular locations. The business at the Grant Arms, whilst well established, has significant scope to develop further, capitalising on its recent 4-star status.”
The hotel is located centrally on the Square in Grantown on Spey within the Cairngorms National Park. This 18th Century plan town has beautiful architecture and many protected buildings within a stunning Scottish Highland location. The Cairngorms have 4 out of the 5 highest mountains in the UK. As well as some beautiful scenery, the area offers unbeatable hillwalking, mountaineering, skiing, golf, fishing, mountain biking and wildlife watching. The region is also part of the world-famous Speyside Whisky Trail, and there are many internationally renowned distilleries within proximity of the hotel’s location.
The purchase consideration was not disclosed but Graham + Sibbald were inviting Offers over £1,850,000 for the Grant Arms Hotel, Grantown-on-Spey.
Please contact Alistair Letham for more information at alistair.letham@g-s.co.uk
Graham + Sibbald has over 240 employees and 23 Partners working across its 18 offices in Scotland and England.
