Oban’s Rowantree Hotel on market for £1.1million
OPERATORS seeking an accommodation business in the Highlands might be interested in an Oban property which is up for sale.
Occupying an “unmissable” position on the main road in to the town, which is known as the gateway to the isles, The Rowantree Hotel has been comprehensively renovated and modernised in recent years.
Alongside its 24 letting rooms, the property comprises a spacious open plan lounge bar, steak house, grill restaurant and lounge area as well as a patio terrace to the front of the hotel.
The hotel is being jointly marketed by Colliers International and Bell Ingram with a price tag of offers around £1.1 million.
Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “The Rowantree Hotel has been extensively refurbished and upgraded by the current owners, Maire Lynch and Steven Shaw, creating a high quality and boutique-style hotel atmosphere, the success of which is reflected in the improving turnover and profitability over the years.
“The owner’s decision to sell the Rowantree offers a wonderful opportunity to purchase a profitable business in good order throughout, in a good location and in one of west Scotland’s most popular destinations.”
Paul Nicoll, a consultant at Bell Ingram, said the hotel benefits from its “prominent location for visitors… and convenience for locals”.
“The recent significant reduction in ferry fares has resulted in a considerable increase in visitors to the town, who are staying overnight rather than travelling immediately out to the Inner Hebrides,” he said.
