Christie Finance supports acquisition of historic Broomhall Castle Hotel
Christie Finance is proud to have supported the successful acquisition of Broomhall Castle, a landmark 19th-century property in Menstrie, Clackmannanshire, by local entrepreneur Chen Li.
Originally built in 1874 in the style of Balmoral Castle, Broomhall Castle has a rich and varied history, having served as a private residence, Italian riding school, boys’ preparatory school, and nursing home before its conversion to a hotel. The property, which features 16 en-suite bedrooms and a popular restaurant, was acquired for £1.2 million, with Christie Finance arranging a 65% loan-to-value (LTV) funding package.
Stephen McConalogue, Associate Director at Christie Finance, comments, “I was delighted to assist with the finance of a Scottish Castle, which was the first castle I have financed at Christie Finance. I have financed a lighthouse in the past; however, a castle was a whole new experience! The deal came with a lot of challenges, which, with my knowledge, we managed to overcome. Chen was delighted to secure the finance as this allows her to achieve her dream of not only owning her first hotel but owning a castle in Scotland. I wish Chen all the best for the future, and I will be sure to visit when I am next in the area.”
Under new ownership, Broomhall Castle is set to continue operating as a boutique hotel and event venue, with plans to enhance its offering for weddings, celebrations, and leisure guests.
Contact the broker:
Stephen McConalogue
Associate Director
T: +44 7590 488 475
E: stephen.mcconalogue@christiefinance.com