A HOTEL in the centre of Perth is on the market for the first time in nearly a quarter of a century.
The Royal George Hotel has been owned and operated by the Anderson family for more than 23 years. They are selling the business so that they can retire.
Commanding a spectacular position overlooking the River Tay, the hotel has 46 letting bedrooms, a bar, restaurant and function room, as well as a small gym and a games room.
In 2021 a gin distillery and adjoining gin garden were added.
The business is said to have grown its turnover so far this year.
In addition to Perth city centre, the hotel is well situated for the new Perth Museum, which is due to open next year with the Stone of Destiny as its centrepiece attraction.
The museum, which is a two minute walk from the hotel, is expected to attract an additional 280,000 visitors to the city in the course of 2024.
“The Royal George Hotel is a veritable hotel institution in Perth,” said Alistair Letham, hotel and leisure consultant at Graham & Sibbald, who is marketing the property.
“But more importantly it is a very well-established business with good profitability; plus bookings for 2023 are showing an excellent growth on previous years.
“This is wonderful opportunity for new owners, whether corporate or private, to acquire a very popular city centre hotel property and business.”
Graham & Sibbald is seeking offers over £2.5 million for The Royal George Hotel.
