Investors check in to Scots hotels

• Average room rate grew last year.

THE Scottish hotel industry is seeing heightened interest from investors, according to the Royal Bank of Scotland.

Almost three quarters (73%) of investors polled in an RBS survey said they were optimistic or very optimistic about 2014, with the bank claiming many hotel owners plan to extend or refurbish their properties.
Brian Murphy, commercial banking director for RBS’s leisure sector in Scotland, said hotels in Scotland had seen a 10% uplift in rooms yield and a 7% increase in average room rate in 2013.
“Such strong results have arguably led to heightened levels of interest from investors who are hunting around looking to buy hotels,” said Murphy.