NEW tenants have been found for the Lochnell Arms Hotel in North Connel, on the outskirts of Oban, in a deal brokered by property firm Smith & Clough.
The hotel comprises ten en suite rooms, owner’s accommodation, a public bar, lounge bar, carvery, dining rooms and a conservatory restaurant said to offer views of Loch Etive.
Graeme Smith of Smith & Clough said the Lochnell Arms Hotel is “a well-established business with outstanding views”.
“After only a short period of marketing high levels of interest were generated from all over Scotland with the new lease eventually being granted to a local couple with extensive experience in the trade,” he said. Nil premium and a rental of £50,000 per annum were agreed, according to Smith & Clough.