The Edinburgh office of global real estate advisor, Colliers International, has been instructed to market the Lands of Loyal Hotel, Loyal Road, Alyth in Perthshire, for offers of around £1.15 million.
The 17-bedroom country house-hotel, which overlooks the Vale of Strathmore, is set in four acres of its own private grounds and features a range of interconnecting rooms. It dates from the early nineteenth century and was built by the Ogilvy family on their then extensive Airlie Estate. The property was extended and re-modelled over the years before becoming a hotel in 1945.
Alistair Letham, a director at Colliers International commented, “the Lands of Loyal Hotel is one of the more quintessential Scottish country house hotels. It has an impressive trading performance and with the introduction of a bio-mass system, by the current owner, has significantly reduced energy costs therefore increasing profitability. The Lands of Loyal Hotel is one of these properties and businesses that must be seen to be fully appreciated”.
He added: “It is, however, the feature of the grand main hallway that is so impressive as the interior is reputedly based on the interior of the ship “The Mauretania”. The stunning hallway provides a “jaw-dropping” entrance to a comfortable lounge and is also used for formal functions.”
The Howell family are looking to sell the hotel in order to facilitate the retirement of Mr & Mrs Howell (senior) from the hotel trade.