Station Hotel Perth, Scotland - FOR SALE

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Property Id : 34708
Land Size: 8,093 m2
Rooms: 75
  • One of the most historic (said to be Queen Victoria’s favourite hotel) landmark full service 4 star hotels in Scotland, based in Perth, known as the ‘gateway to the Scottish Highlands’
  • Comprising 75-bedrooms, spacious restaurant and two bars, conference facilities and ample car parking provision for 110 cars on a site of 2 acres. Recently completed two-year multi million renovation and branded as a Radisson Blu, the only upscale hotel in the city.
  • Former British Rail hotel, like the nearby Gleneagles, similar grandeur and scope to create the only 5 star hotel in Perth and re establish the historic aspects of the building
  • On track for net profit of £1m+ this year and following opening as Radisson Blu forecast net of £1.8m+.
  • Potential to create a 125 room 5 star hotel, with permission in principle to build an annexe wing for a further 50 rooms to build one of the most historic and landmark hotels in Scotland
  • The majority of public and bedrooms are very large grand rooms with high ceilings and original features
  • Value add initiatives includes improving on the conference segment, with a 600 capacity conference venue. In addition to increasing the number of weddings per annum. The F&B in general is relatively under-utilised in terms of improving secondary spend
  • Heritable (Scottish equivalent of freehold) interest held by the Vendor
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Steven Fyfe