Colliers International, which is acting for the vendor of the Leonardo Boutique Hotel Huntingtower, on the outskirts of the historic city, said Perth’s hotel market is doing well and the sale represents a good chance for hoteliers looking to gain a quality asset in the area.
Julian Troup, Head of UK Hotels Agency at Colliers International, 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.
“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.
“Perth’s hotels room occupancy has increased steadily over recent years, reaching a high of 78.3% in 2017,” he said. ”This is almost 3 percentage points higher than the Regional UK average.”
The 34-bedroom Huntingtower, which is owned by a corporate group with a large portfolio, sits in five acres of grounds and is described as “an authentic country house hotel” while also being close to the city. An established wedding venue, it also has substantial meeting and event income thanks to its six meeting rooms, restaurant and conservatory.
Colliers is inviting offers of around £3.25m for the Leonardo Boutique Hotel Huntingtower Perth, Crieff Road, Perth PH1 3JT.