A local hotelier family has snapped up The Argyll Hotel in Inveraray after the property was put on the market by a London-based investment firm.
The Byrne family from the Hebridean island of Colonsay, who also own nearby Crianlarich Hotel, immediately changed the name of the hotel following the purchase – The Argyll Hotel has reverted to its original 18th century name, The Inveraray Inn.
The Inveraray Inn comprises 36 bedrooms, two bars, a restaurant and two function rooms.
The hotel was sold by the Edinburgh office of hotel and licensed property firm Colliers International.
Alistair Letham, a director at Colliers International, said the purchase of the hotel by the Byrne family “suitably and amply complements their existing hotel in Crianlarich”.
“Undoubtedly, these two attractive and prominently sited roadside and village hostelries will benefit from joint marketing approaches,” said Letham.
The purchase price of the Argyll Hotel/Inveraray Inn was not disclosed but the initial asking price was £1,500,000 plus VAT.
The investment firm had owned the hotel since 2006.