Hotel on the market for first time in 23 years
A HOTEL in the Scottish Borders is up for sale for the first time in over two decades.
Carfraemill near Lauder has been owned and run for the past 23 years by Jo and Jim Sutherland, who are said to have grown it into “one of the Scottish Borders’ most iconic hospitality businesses”.
After buying the hotel in 1997, the Sutherlands opened it the following year after a six-month refurbishment and went on to develop a “thriving” restaurant business alongside a strong weddings and functions business; they then added a marquee which allowed them to expand the weddings and events business. Carfraemill also attracts trade from outdoor enthusiasts and those visiting the area for its golf courses and fishing.
Now the ten-bedroom hotel is on the market as the Sutherlands seek to retire.
Jo said they have enjoyed “23 wonderful years” at Carfraemill.
“Jim and I are both much nearer to 70 than 60 and it’s time to live our lives as most of our friends now do – in retirement,” she said.
“We had always planned to retire later this year, though there is no doubt that COVID-19 has made it more complicated than it might have been. The dedication and enthusiasm of a new owner is exactly what’s needed at this time.
“We have a fantastic and experienced team of staff here and a future owner will be incredibly lucky to have them on board.
“Carfraemill is a beautiful building with a rich history and it has played an important role in the big moments of so many people’s lives. It’s a business which has long been important, also, to the local economy. We are sure there is a bright future ahead and know Carfraemill will always be a place for creating memories.”
Brian Sheldon, regional director for Scotland at Christie & Co, which is marketing Carfraemill with an asking price of £795,000, said: “This is a fantastic opportunity for prospective purchasers to acquire a first class business and property in a great location and to further grow the business.”