09 August 2017 | Hotel Mortgages

Glenisle Hotel on the Isle of Arran sold

Specialist business property adviser, Christie & Co has brokered the sale of The Glenisle Hotel in in Lamlash, Isle of Arran with funding secured through specialist commercial finance broker, Christie Finance.

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The 13-bedrooom Hotel and Bistro sits on the East Coast of the Isle, looking directly across Lamlash Bay, has won numerous awards, and is ranked highly on travel review sites. The previous owners had owned the hotel since 2008 with the business now being sold to Neil and Anne Kennedy.

Anne has a long-track record of working in the hospitality sector and Neil is a Chartered Accountant.

For over two years, they have been searching for the right hospitality business to invest in prior to identifying the Glenisle Hotel as an ideal opportunity moving forward.

 Josh Hill, Business Agent in Christie & Co's Glasgow Office who brokered the sale comments, “We are delighted to have been involved in the sale of this beautiful hotel in Arran. We knew before we began marketing the Glenisle that there would be high levels of interest as we continue to see a growing appetite for boutique hotels across the region.”

Craig Dickson, Director of Christie Finance secured the funding on behalf of Anne and Neil on extremely competitive terms via a High Street lender.

Craig comments, "The hotel sector in Scotland is in a period of growth with a number of great businesses coming onto the market so far this year. With our sector experience we can secure the most competitive funding for any type of business buyer."