––Christie & Co brings historic city hotel to the market
THERE’S an opportunity for a buyer to pick up an historic hotel in the centre of Stirling.
The Golden Lion dates from the 1700s and is within walking distance of some of the city’s most popular tourist attractions, including Stirling Castle. It has operated as a hotel since 1820 and was acquired by the current owner in 2003.
As well as 66 letting bedrooms, the three-star hotel includes Cronies Bar, five conference rooms, a ballroom and a cocktail foyer.
Six self-catering apartments – owned by the hotel – are located a couple of doors further down the street.
There is also a carpark to the rear of the property, with 30 spaces.
Selling agent Christie & Co said that The Golden Lion benefits from ‘a good proportion of business direct from tour operators as business returns after the pandemic’.
“Since the upgrade of the bar/restaurant there has also been an increasing reliance on food and beverage,” said the company.
“Weddings and meetings are also a big part of the hotel’s business, with the benefit of the ballroom and suite of meeting rooms.”
In 2019, prior to the pandemic, the hotel’s turnover was circa £2.5 million.
Christie & Co is seeking offers over £4m for the freehold to The Golden Lion.
