7/27/2018 | Hotel Mortgages

Experienced hotel operators purchase freehold of traditional harbour side hotel

Family duo Andrew and Rosaline Ryan have recently purchased the freehold of the Western Isles Hotel located in Tobermory on the Scottish Inner Hebridean Isle of Mull, with funding secured by specialist commercial finance broker, Christie Finance.

Andrew and Rosaline have operated the attractive, Victorian hotel for the last two years with the desire to purchase the freehold from the current landlord, Bespoke Hotels. The property is steeped in history and located in a prominent, elevated position overlooking Tobermory village and harbour.  

Western Isles Hotel combines period charm with modern amenities including 28 spacious en suite bedrooms, three restaurants and a bar perfect for socialising of an evening. A profitable business that possesses a tremendous amount of character and charm, it was inevitable that the current tenants would want to maintain ownership.

The brother and sister partnership previously owned the West Loch Hotel in Tarbert. Andrew possesses over 20 years’ experience in the hotel sector, training at Westminster College with Hilton hotels; before leaving to work as Food & Beverage Manager at the 340 bed Metropole Hotel in Brighton. Since then he has owned several successful businesses in the sector.

Rosaline spent most of her adult life in Canada working as a Marketing specialist returning to the UK in 2011 to acquire the West Loch Hotel with her brother.

Using their creative flare and entrepreneurial spirit, the Ryan family have several plans in place for the expansion of the traditional, Scottish hotel. Opportunities arise in refurbishing all 28 bedrooms, restoring a pathway through the gardens that connects the hotel directly to the seafront and converting the conservatory into an all year round bar and restaurant.

Craig Dickson, Director at Christie Finance, supported the family in purchasing the freehold of this charming hotel. Craig comments “It is always a great opportunity for us to support leasehold clients who are wishing to purchase the freehold of a property. Working with Andrew and Rosaline made my job an easy task, they have a wealth of experience in the hotel sector and a true desire to grow the business. This is another great example of where we can source competitive funding to help turn our client’s aspirations into reality”.