There is an opportunity to acquire a luxury hotel, plus additional accommodation, on the Isle of Arran.
The four-star Douglas Hotel is located on the seafront with views over Brodick Bay. The distinctive red sandstone hotel building offers 21 luxurious bedrooms, along with a 50-cover restaurant, a bar and a large outdoor terrace.
The current owners have invested £8 million in refurbishing the building to ‘an exceptional standard’, helping it to secure the title of Scotland’s best boutique hotel in 2020.
Crucially for an island business, the hotel also includes staff accommodation – The Bunkhouse – which is described as a key selling point.
In addition to the hotel itself, there is separate self catering accommodation – The Shorehouse – which includes 13 self catering apartments, a reception and lounge area. It is said to be popular with families as well as groups visiting the island. The Shorehouse can be purchased separately.
“This is an incredible opportunity to secure a beautiful hotel on a prime 1.8 acre site on one of Scotland’s most loved holiday islands, which attracts 400,000 visitors a year,” said Kathryn Bennett of selling agent CBRE. “The hotel is highly rated by guests, many who return year after year, and the bar and restaurant are very popular with both hotel guests and non-staying guests, accounting for more than 60% of the annual turnover of £2.3m.”
A popular tourist destination, Arran is known as ‘Scotland in miniature’ due to its combination of lowland and Highland-style geography. It is a popular both with outdoor enthusiasts and whisky fans, who flock to the island’s two distilleries.
CBRE is marketing the Douglas Hotel at a guide price of £2.9m. The Shorehouse is marketed separately for £550,000.
