Our clients were looking to relocate from Northumberland to Scotland and fulfill an ambition to own a hotel business. Both first time buyers into the sector, the Moorfield Hotel offers a fantastic opportunity with room for further business development also an idyllic location overlooking the Highlands Games Gathering Arena.
Grant and Maria Louise were recommended to Christie Finance by the previous owner of the hotel, who was looking to sell the business to focus on other interests. Adrian Foster, Associate Director at Christie Finance, assisted in arranging funding for the acquisition.
Adrian was able to secure competitive leading terms from a High Street Bank and commented: “I was delighted to be able to help Grant and Maria Louise purchase the Moorfield Hotel and realise a dream that they have had for some time.”
Grant commented “We were very impressed with the service we received from Adrian and would use Christie Finance again in the future.”
Both Grant and Maria Louise will be running the business on a day to day basis and retaining the existing staff to continue to develop the excellent reputation the business has, in the local community and with visitors alike.
In the last 12 months Christie Finance has advised and helped arrange funding on a number of hotel businesses across Scotland both for first time buyers and existing operators.