Established Aberdeenshire business on the market
A hotel in the Deeside town of Banchory has come on to the books of Colliers International.
Located on the town’s High Street, The Douglas Arms Hotel is said to be popular with both locals and tourists, drawing custom year round.
The property comprises eight letting bedrooms, a spacious lounge bar/bistro with an outdoor terrace, a public bar and a separate breakfast room; there’s also a private four-bedroom flat.
The current owners, who bought the hotel in 2007, are said to have built a strong reputation for the business.
And Alistair Letham, a director at Colliers International, said there is scope for new owners to develop the business further by utilising some currently unused accommodation.
“The Douglas Arms Hotel is a well-established business in the perennially popular Royal Deeside town of Banchory and draws custom year round from not only visiting tourists and field sports enthusiasts but also the local community,” said Letham.
“The current owners purchased the hotel in 2007 and have successfully developed the business, creating a popular town centre facility.
“With the decision taken to sell the Douglas Arms Hotel, this offers a wonderful opportunity for new owners to acquire an established business in a popular locality.”
The Douglas Arms Hotel is on the market with a price tag of offers around £925,000.