Dunfermline-based operator takes the helm
A Kirkcaldy hotel which has been described as a “landmark” has been sold after 30 years of family ownership in a deal brokered by Colliers International.
Said to have been the former home of furniture manufacturer A.H. McIntosh, the property was sold on behalf of the Caira family to Dunfermline-based City Hotels, which also owns the Styx Club situated next door to the Victoria, as well as a string of other hotels in the area.
The Victoria will complement City Hotels’ strong portfolio.
The property, which was converted into a hotel in 1948, has been extended at various points over the years and now comprises 21 bedrooms, a lounge bar, two dining rooms and a private car park; there’s also a function room, known as the McIntosh Suite, which has its own bar area and servery.
Alistair Letham, of Colliers International, said the acquisition of the property by City Hotels will “complement” the firm’s existing “strong portfolio”.
“The Victoria Hotel is a fine and imposing property – originally created from the family home of A.H. McIntosh, the Kirkcaldy-based furniture manufacturer – and has proved a popular local hotel venue,” said Letham.
The final purchase price was not disclosed, but Colliers International confirmed it was “close to the asking price” of offers around £850,000.