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An Excellent Opportunity to Acquire an Established Group of Three Scottish Hotels

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An Excellent Opportunity to Acquire an Established Group of Three Scottish Hotels Project Pulse An excellent opportunity to acquire an established group of three Scottish hotels: GLENMORAG HOTEL | DUNOON GARVE HOTEL | GARVE MACKAY’S HOTEL | STRATHPEFFER GLENMORAG HOTEL GARVE HOTEL MACKAY’S HOTEL Project Pulse is a group of three well-known and popular Executive hotel assets, in Scotland, with appeal to the pre-booked Summary travel trade market and private custom. Each hotel is established in its own right as well as being part of an existing travel group. The 3 x hotels group can be summarised briefly as follows: w A total of 177 letting bedrooms or apartments w Range of dining, banqueting and bar facilities at all three hotels w Leisure club with swimming pool etc. at Strathpeffer w Group net turnover for year ending March 2020 on target for c.£2.3m w Potential development land at Dunoon and Garve PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Executive Summary The individual properties are summarised as: GLENMORAG HOTEL GARVE HOTEL MACKAY’S HOTEL DUNOON GARVE STRATHPEFFER 71 en suite letting bedrooms. Substantial hotel, with 46 en suite letting bedrooms plus 6 letting apartments. 54 en suite letting bedrooms. Town centre hotel elevated outlook over Firth of Clyde, in ground of over Roadside country hotel on the iconic NC500. Two created from two adjacent villas. Dining room, 12 acres. This includes approximately 2.8 acres lying dining rooms, two lounges, bar/entertainment room. entertainment/function room, lounge bar. Leisure to the front/east of the hotel, shown hatched on Plan, Separate Manager’s house. Separate staff house. facilities with swimming pool, Jacuzzi, sauna, which is available subject to separate negotiation. Set in over 5 acres alongside Black Water River, exercise room. Staff accommodation. Dining room (140), function room, lounge bar, games including 1 acre of land lying to the front/south of room. Staff accommodation. Potential development the Hotel, shown hatched on Plan, which is available land, as referred to above. subject to separate negotiation. Potential development land, as referred to above. GLENMORAG HOTEL GARVE HOTEL MACKAY’S HOTEL PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Glenmorag Hotel 3 KILBRIDE ROAD | DUNOON | ARGYLL | PA23 7QH GLENMORAG HOTEL The Glenmorag Hotel has been created from an original Glasgow City Centre with the attraction The convenience of Dunoon to, not only Glasgow, but as a base to Victorian mansion house, developed with significant of being ‘across the water’, using the short explore the south and west Argyll as well as the Loch Lomond and extensions to the side and rear to create this significant shuttle ferry, giving added charm and The Trossachs National Park, ensures the hotel’s popularity and of hotel property in a superb, elevated location with open attraction of a visit to the Dunoon locality. course the annual Cowal Highland Gathering, in August, attracts outlook, over its own private gardens, to the Firth of Clyde. competitors and visitors from all over the world. Dunoon itself, as well as having a strong local The Glenmorag is well appointed and operates as a community serving the surrounding Cowal highly effective traditional resort and holiday hotel located Peninsula, enjoys the bustle, excitement and on the southern edges of the ever-popular Clyde town of interest associated with a busy commercial Dunoon. The hotel is only around one hour’s drive from and recreational maritime area. PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Glenmorag Hotel 3 KILBRIDE ROAD | DUNOON | ARGYLL | PA23 7QH Created from a Victorian mansion house which has STAFF ACCOMMODATION been extensively extended, The Glenmorag Hotel has First floor ‘flat’ – 3 bedrooms (shower in bedrooms), its main accommodation over four floors as follows. separate WC. Third floor – 2 single bedrooms with separate bathroom and separate WC. PUBLIC AREAS Main entrance to reception hallway with reception OUTSIDE counter and office behind. Dining room (140). The Glenmorag Hotel is set in an approximate TV games room. Lounge bar. Function/ total of 12.2 acres of grounds, including potentially entertainment room. developable land extending to 2.8 acres, shown hatched on plan which is available by separate LETTING BEDROOMS negotiation. At the entrance is situated within the 71 letting bedrooms to sleep 144 (7 double, 58 twin, former lodge house (now derelict) that could be 4 family, 2 single). All bedrooms have full en suite developed. facilities (66 bath with shower, 4 bath only, 1 shower only). DEVELOPMENT There is potential for residential development SERVICE AREAS on the lower ground to the east of the hotel, Centralised commercial kitchen with servery plus extending to approximately 2.8 acres (being still room alongside. Plus range of other supporting the ground offered by separate negotiation), service areas and storage. Additional storage in and possibly elsewhere on the site, subject former staff bedrooms at the rear. to obtaining usual planning consents etc. PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Garve Hotel GARVE | WESTER-ROSS | IV23 2PR GARVE HOTEL The main tourist and commercial artery north of the village, that the handsome Garve Hotel is situated and from Inverness to north west Scotland located alongside the now iconic North Coast 500 (NC500) route cuts diagonally across the Highlands and (Scotland’s answer to Route 66!). the southern flanks of Ben Wyvis, skirting The Garve Hotel is superbly located as a base for those visitors Loch Garve on its south shore, shortly wishing to explore everything that northern and north west before reaching the small village of Scotland has to offer and is set amongst some of the most Garve, where the Black Water River runs dramatic Highland scenery. parallel to the road and it is here, to the PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Garve Hotel GARVE | WESTER-ROSS | IV23 2PR This attractive country hotel has been LETTING BEDROOMS STAFF HOUSE developed around the core, traditional 46 letting bedrooms to sleep 90 Separate staff house with 9 staff hotel, with additions and extensions to the (15 double, 22 twin, 3 family, 6 single). bedrooms (7 en suite), separate front and rear. The main accommodation All en suite facilities (12 bath with bathroom, kitchen. is over three levels as follows. shower, 34 shower only). (Coach driver’s bedroom – 1 double bedroom OUTSIDE PUBLIC AREAS with separate bathroom). The Garve Hotel is set in an approximate The hotel’s main entrance leads in to the total of 5.1 acres of its own private grounds, entrance to reception with a reception APARTMENTS including the potentially developable counter and office behind. Alongside is 6 letting apartments – 4 x 2 room land of approximately 0.7 acres, shown an L-shaped lounge incorporated in to apartments, 2 x 1 room apartments hatched on plan, offered for sale by the conservatory. Games room lounge. (each apartment with its own separate separate negotiation (adjoining owners Lounge bar/entertainment room. Two bath/shower). (Coach driver’s bedroom have a right of access through part of dining rooms in the conservatory at the – 1 double bedroom with shower room the car park). Separate storage shed. front and side of the main hotel. en suite). DEVELOPMENT SERVICE AREAS There is potential for residential Centralised commercial kitchen with development on part of the grounds, supporting cold stores, service areas of approximately 0.7 acres, including and general stores. the front/south and possibly other areas, subject to obtaining usual planning MANAGER’S HOUSE consents etc, being the ground offered Separate detached house with by separate negotiations. 4 bedrooms (1 en suite), 2 separate bathrooms, living/dining room, kitchen, utility room, double garage. PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Mackay’s Hotel THE SQUARE | STRATHPEFFER | ROSS-SHIRE | IV14 9DL MACKAY’S HOTEL The Mackay’s Hotel is centrally located in the Strathpeffer is an ideal base from where to The Mackay’s Hotel is developed from two Highland village of Strathpeffer, an attractive explore the delights of northern Scotland – adjacent villas (once both separate hotels) north Highland town that was popularised John O’Groats, the dramatic hills and coastlines to create this now sizeable and easily in the late 19th and early 20th centuries as of Wester-Ross and Torridon, the Isle of Skye managed tourist business. New wings have a health spa resort. Nowadays, Strathpeffer and the famed Loch Ness are just a few of the been added and the leisure suite. There is remains a very popular tourist destination and ‘tourist must see’ all within a day-drive and the added flexibility of the use of the public of course is relatively close, with ease of access, return of Strathpeffer. areas located in both separate villas. to the increasing popular city of Inverness. PROJECT PULSE | SCOTTISH HOTELS PORTFOLIO Mackay’s Hotel THE SQUARE | STRATHPEFFER | ROSS-SHIRE | IV14 9DL The hotel’s accommodation is split between the LEISURE two villas – the main hotel and spa lodge – Located to the rear of the main hotel with plus recent extensions and the accommodation a separate entrance or access from the comprises briefly as follows. main hotel is the Mackey’s Leisure Suite which comprises a 10m leisure pool, PUBLIC AREAS jacuzzi, sauna, exercise room, ladies’ Main Hotel: and gents’ changing rooms. Entrance from car park to main reception with reception lounge. L-shaped SERVICE AREAS dining room with bar servery and with In main hotel a good size commercial kitchen conservatory dining room area. with supporting service areas, storage, still room etc. Spa Lodge: Entrance to hallway. Lounge bar. L-Shaped bar/ STAFF ACCOMMODATION entertainment area with games area off. Spa Lodge: 2 single bedrooms (en suite) LETTING BEDROOMS 54 letting bedrooms to sleep 117 (11 double, Apartments: 18 twin, 17 family, 8 single). All en suite At lower ground level, 2 bedrooms (21 bath with shower, 31 shower only, 2 bath plus bathroom only).
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