A luxury 54-bedroom hotel on Scotland’s North Coast 500 tourist trail has been sold in a confidential deal to a ‘local operator’ who intends to invest in the business.
The Royal Hotel, on Garve Road, Ullapool, was sold by the hotel and leisure division of property firm Graham + Sibbald, where director Peter Seymour said: “This is one of a number of hotel sales we have completed under a confidential marketing campaign recently. The buyers are a local operator who we know intend to invest in the Hotel and drive the business to new highs.”
The property occupies a strong position overlooking Ullapool Harbour on the shores of Loch Broom, with spectacular views of the mountains beyond.
G + S described Ullapool as ‘an ideal holiday location’ on the world-famous NC500, providing various activities, including walks, mountain climbing, cycling, fishing, and outdoor sports, as well as entertainment in the town’s thriving folk music scene.
There is also a busy ferry terminal in the town for onward travel to Stornoway on the Hebridean island of Lewis.
The Royal Hotel, originally a coaching inn, has 54-bedrooms arranged over two principal floors, with balconies decorating the first floor around the front façade of the property overlooking the harbour. As well as a restaurant, a public bar and ‘The Ballroom’, the property also boasts a four-bedroom manager’s flat.
Mr Seymour wished the new owners all the best with ‘their excellent purchase’, and noted that the deal was financed by RBS, which marked a return to the deal market for mainstream lenders.