Thu, 04 May 2023 | COMMERCIAL PROPERTY
Boutique hotel group the Robert Parker Hotel Collection has announced that it will sell the four properties in its portfolio, due to its owners deciding to retire. The portfolio, which is being marketed for sale by Christie & Co, comprises two luxury hotels in Scotland and two in Northumberland.
Dalhousie Castle & Aqueous Spa, located just eight miles from Edinburgh, is the oldest inhabited castle in Scotland. The property contains 35 bedrooms, the two-AA-rosette Dungeon restaurant and spa and attracts a wide range of business, including leisure, weddings and meetings and events.
Ednam House, in Kelso in the Scottish Borders, is a 33-bedroom property located on the banks of the River Tweed. The hotel caters for weddings, meetings and events and contains the largest ballroom in the Scottish Borders.
Doxford Hall Hotel & Spa in Alnwick, which dates back 200 years, has 41 bedrooms, two-AA-rosette dining, a spa and yew tree maze. The property, which is located close to the Northumberland coastline, is the only hotel in Northumberland to hold four red stars from the AA.
Eshott Hall in Morpeth, meanwhile, dates back to the 17th century and has 11 bedrooms in the main hall building and 12 further bedrooms across adjacent buildings. The property, which is being jointly marketed on the residential market by Galbraith and Sanderson Young, also features 38 acres of manicured gardens and woodland, a walled kitchen garden, tennis court and Victorian fernery.
The portfolio of hotels is being marketed for sale by Christie & Co Hotels director Gary Witham, who commented: "These are stunning heritage assets in prime locations, which Robert and his team have placed well to perform very profitably going forward. Dalhousie Castle in particular will allow any investor to reap the rewards of the Edinburgh luxury leisure market and own a true slice of history and we look forward to hearing from interested parties."
In the year to March 31 2022, RPC Hotels Limited reported turnover of £10.4 million and a pre-tax profit of £385,826. At that time, the company's fixed assets were valued at £18.9 million and current assets at slightly over £1 million, with net assets amounting to £6.4 million.
Read more about what's driving M&A activity in the hospitality industry.
One of the best ways to find properties below market price is to look at recent administrations.
A boutique hotel located on the North West Coast of England, with sea views and within close proximity to other leisure amenities. The hotel attracts both corporate trade and also weddings and other similar functions with the grade II listed building...
A rare opportunity to present a lucrative lettings company situated on the South Coast. The vendor states a folio comprising some 705 lettings properties producing a handsome £550K net profit.
LEASEHOLD
Presenting a comprehensively refurbished boutique hotel and restaurant, boasting high specification throughout, in a prime town centre position, substantial profits, and fully managed.
FREEHOLD
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