The Crieff Hydro group has bought two more Scottish hotels to increase its portfolio to six.
It has purchased the Isles of Glencoe Hotel and the Ballachulish Hotel on the west coast for a seven figure sum.
The leading hospitality business has managed the two establishments since 2014, having taken over after a number of unsuccessful management companies.
During the two years business has improved substantially, the number of employees has grown and the long term future of the hotels has been secured.
Crieff Hydro worked with their banking partner Santander on financing the deal.
With 112 bedrooms between the two hotels, Crieff Hydro plan to continue investing in both hotels, starting this autumn with bedroom improvements.
Chief executive Stephen Leckie said: “These two hotels complement the existing collection we own.
“Their family-feel, great locations, access to beautiful scenery and warm homely feeling just make them a perfect fit.
“We have proven so far that with local management and involving people who are passionate about Scotland in the business, they can be a great success. We look forward to seeing these businesses continue to grow”
The 59 bedroom Isles of Glencoe Hotel was purpose built in the 1990s on the shoreline of Loch Leven on the edge of the village of Ballachulish.
With loch views from the restaurant and bar, and its own swimming pool, this hotel has been a popular destination for couples and families exploring the west coast.
The 53 bedroom Ballachulish Hotel is steeped in history, having been the crossing point of Loch Linnhe for centuries, first by ferry and more recently across the Ballachulish Bridge. It has been a base for travellers for over 100 years.
The two join the Crieff Hydro Hotel and Murraypark in Crieff, and the Peebles Hydro and The Park in Peebles in the group’s family of hotels.
