Hotel for sale by royal appointment | Scottish Licensed Trade News

Scottish Licensed Trade News

Hotel for sale by royal appointment

34_4

A HOTEL that was used as headquarters for the Royal Navy during the Second World War and counts the Queen among its previous guests has come onto the market.

Located in the harbour, Orkney’s Kirkwall Hotel has 37 en suite letting bedrooms.
The 200-cover Harbour View Restaurant and lounge bar is decorated in a traditional style, while Skippers Bar, which overlooks the harbour, was refurbished in 2010 and is said to be popular with locals and tourists. There’s also a 60-cover function room.

The hotel trades successfully all year round with a good mix of accommodation, food and wet sales.

The Queen is said to have stayed in the hotel in 1952 and the King of Norway is also a past guest.
The three-star hotel, which has been under the same ownership since 2000, trades year-round with a good mix of accommodation, food and wet sales.
The business is said to enjoy a high level of repeat business from overseas visitors and outdoor enthusiasts; it also plays an “integral role” in the local community, hosting weddings, meetings and other events.

34_5

Stuart Furfey, associate director at Bruce & Co, who is handling the sale of the Kirkwall Hotel, said although the business is trading “extremely successfully”, there is scope for new owners to “substantially increase” the turnover.
“The business has numerous regular party bookings which provide new proprietors with huge potential to expand the business model with additional marketing to allow for the significant tourist and regular local trade during the day,” he said.
“There exists extremely large scope to increase income substantially, thus benefiting from the many visitors drawn to the attractions of the Orkney Isles.”
The hotel is on the market with a price tag of offers over £2.5 million.

Share this SLTN article