A FIFE hotel has been acquired by local operators.
The Wallace family, who operate the Village Inn in nearby Pitlessie, bought Luigino’s (the former Covenanter Hotel) in Falkland for an undisclosed sum from an asking price of offers over £285,000. With a lounge bar, restaurant and three letting bedrooms, it was sold by Colliers International and DM Hall on behalf of the trustee in sequestration.
Colliers’ director Alistair Letham said the new owners plan to reinstate the hotel’s original name.
“With its prominent position in the centre of the village of Falkland and very close to Falkland Palace, the Covenanter Hotel is ideally based to generate income from the hundreds of visitors to Falkland on a daily basis,” he said.