On behalf of FRP the Joint Administrators of Mountview Hotels Limited
CDLH Chartered Surveyors have sold the Abbotsford Lodge Hotel in the delightful village of Callander, on behalf of Michelle Elliot and Stewart Robb, the Joint Administrators of Mountview Hotels Limited.
Alan Creevy, Director of CDLH, commented, “The company operating the Abbotsford Lodge Hotel in Callander, was placed into Administration in early 2023. CDLH were instructed by the Administrators to place the property on the open market in February 2023”.
The Abbotsford Lodge Hotel is a delightful 14 bedroom hotel, and includes a large owner’s house, staff accommodation and a self-catering unit. Our marketing campaign attracted huge interest, resulting in a large number of viewers and interested parties. A closing date was set for offers at the end of March 2023 and the property was sold in July 2023.
The asking price was offers over £595,000 and due to the level of interested created from CDLH marketing campaign, the sale price was considerably in excess of the asking price.
The Abbotsford Hotel was purchased by Craig Gillespie and Kayleigh Keith who have significant experience in the hospitality sector and operate the Tower Hotel in Crieff and the Crown in Callander. They have now added an excellent property, with huge potential, to their portfolio”. The Abbotsford Hotel is due to reopen on the 10th of August 2023.
Alan Creevy commented further, “The Scottish rural hotel market has had a phenomenal year in terms of the large number of sale transactions and, indeed, strong hotel operating performance. We continue to see significant levels of interest in both rural and city hospitality properties with the strongest interest in hotels from overseas buyers in particular.
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