A well-known Tayside wedding venue has gone on the market, just two years after its new owner announced ambitious plans to grow his Scottish portfolio.
The 34-bedroom Huntingtower country house hotel, on the edge of Perth, is being offered for sale with a price tag of around £3.25 million.
The Tudor-style building – marketed as the Leonardo Boutique Hotel Huntingtower – sits amongst five acres of woodland and gardens.
Colliers International, which is handling the sale on behalf of owners Leonardo Hotels, said it was a good chance for hoteliers to gain a “quality asset” in the area.
Head of UK Hotels Agency at Colliers, Julian Troup said: “We are delighted to bring the Huntingtower Hotel to the market.
“It is an established and well known hotel, operating with a healthy trading base.”
He said: “The beautiful hotel has substantial meeting facilities and extensive grounds, and provides an excellent mix of income streams.
“We are anticipating a favourable response to the marketing, particularly bearing the hotel’s long established reputation.”
Mr Troup said: “Perth’s hotel room occupancy has increased steadily over recent years, reaching a high of 78.3% in 2017. This is almost three percentage points higher than the regional UK average.”
The hotel was bought from previous owners Portland in a multi-million-pound deal in August, 2017.
Weeks later, Leonardo Hotels Europe managing director Daniel Roger announced plans to increase the company’s portfolio to more than 100 sites in just three years.
He said at the time: “We have just taken over five hotels in the UK. This is a clear statement.
“The ultimate target of the company is to promote and strengthen the brand Leonardo Hotels Europe-wide.”
Explaining the decision to bring Huntingtower to market, a spokeswoman for Leonardo Hotels UK and Ireland added: “As a matter of course, we continuously review our options across all these areas on an ongoing basis.”
She said the sale was “based on a number of factors including their size, location, proximity to other group hotels, and strong investor demand.”
She added: “At the same time, the group is actively seeking opportunities to expand its portfolio, which continues to perform very strongly, further enhancing its unique positioning in the UK and Irish hotel markets.”
