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Strathmore Hotels buys £2.5m Highlands site from Crerar

The Ben Wyvis Hotel in Strathpeffer, Scottish Highlands, has been acquired by the family-run Strathmore Hotel Group, off a guide price of £2.5m.

The deal was brokered by the specialist hotels and agency team at real estate advisers Colliers International, who acted on behalf of the Crerar Hotel Group.

The 92-bed hotel, which also offers a large bar and restaurant and cinema room, is situated at the heart of the Highlands with scenic views across the surrounding alpine environment. It’s only a thirty-minute drive from Inverness, proving the destination to be popular with those looking for a relaxing getaway.

This latest acquisition by Strathmore Hotels, which is owned and run by the Rickard family, brings its estate to eight in an impressive growing collection.

Julian Troup, Head of UK Hotels Agency at Colliers International, commented, “We have found that the whole of Scotland has increased in popularity in the last three or four years; the main drivers have come from both overseas buyers and the national growing confidence in resident buyer’s belief in the security of the hospitality industry.

“Crerar Hotels have continued to retain Colliers International to assist in disposing of further potential hotels within their portfolio”

He added: “This continues our success in 2019 for the hotels team at Colliers and follows another strong performance during 2018 when we sold or acquired 97 hotels throughout the UK.”

Chris Rickard of Strathmore Hotels said: “I have been a long-time admirer of Crerar Hotels and I am delighted that we are able to add the Ben Wyvis to our portfolio. A special thanks to Mr Crerar and Colliers for their professionalism throughout the process – and my gratitude also to Euan Tripp at Brodies LLP and Craig Smith at Handelsbanken for their support as always.’’