Four-star Fife hotel for sale for first time in 40 years
A COUNTRY house hotel in Fife is on the market for the first time in almost 40 years.
Located two miles west of Dunfermline in the village of Crossford, the Best Western Plus Keavil House Hotel has been under the same family ownership since the 1980s, during which time it has received “substantial” investment.
Set in 12 acres of landscaped gardens, the four-star hotel has 70 bedrooms and a range of public areas, including The Botanist restaurant, which was created in 2017 in a contemporary extension to the main dining space.
The restaurant is said to complement the “extensive” conference and banqueting facilities which can cater for functions for up to 250 and are said to be a popular choice for weddings.
Keavil House Hotel also boasts what’s said to be one of the largest health and leisure facilities in the region; the separate purpose-built health and fitness club is said to offer a range of health, leisure and casual dining facilities and is described as “a highly successful stand-alone business, with a strong external membership base”.
The business is now on the market due to the current owners’ retirement.
Brian Sheldon, regional hospitality director for Scotland and the north west of England at Christie & Co, which is marketing Keavil House Hotel with a price tag of £3.25 million, said the hotel’s clientele is a mix of both leisure and corporate guests due to its proximity to both Edinburgh and St Andrews.
“We are delighted to be entrusted to sell the Best Western Plus Keavil House Hotel, a very established four-star hotel,” he said.
“Quality hotels such as this are still proving to be of interest to regional and national operators, despite the market remaining unpredictable and we are regularly speaking with buyers who are looking for similar quality assets.”
Jeremy Jones, head of hotels brokerage at Christie & Co, said: “The hotel has been well maintained with continual investment and upgrades.
“The elegant bedrooms are well equipped to meet the demands generated from the corporate and leisure guests, as well as the many weddings attracted to the business.
“We anticipate strong interest from a wide range of buyers for this substantial freehold hotel where we are seeking £3,250,000.”
