Scottish hotels: Royal Deeside, Banchory: Douglas Arms put up for sale

UK property firm Graham + Sibbald said it had been instructed by Michael JM Reid of Meston Reid & Co, as liquidator of SJ Inns Ltd, to market for sale the Douglas Arms Hotel on High Street in Bankhory.

The property agent described it as “a wonderful opportunity to acquire and re-establish this once busy hostelry in a very popular locality”.

It added: “Following on from the problematic and difficult trading conditions, for two years, during the Covid pandemic, the significant increase in energy costs, pre-Christmas 2022, made the trading business unsustainable, which signaled the decision [to] place the business into a voluntary liquidation process.”

READ MORE: Ian McConnell: ‘Oops’ moment – admission of big Tory mistake

The Douglas Arms Hotel has eight letting bedrooms with a lounge bar-bistro and café bar. The hotel also has an outdoor balcony/terrace, and the former lounge bar/restaurant.

A four-room private flat is included in the sale.

Graham + Sibbald declared the new owners of the Douglas Arms Hotel “have the opportunity to re-establish the hotel as a good owner-driven, local, hotel business”.

READ MORE: Scottish income tax – so who is afraid of the bogeyman?

It added: “The Douglas Arms Hotel has a prominent main street location on Banchory’s High Street. The hotel can attract many passers-by on the main A93 Aberdeen to Balmoral and Braemar Road, and it has enjoyed the patronage of locals, visiting fishermen, tourists and golfers, as well as a range of commercial custom.”

READ MORE: Denial after denial from brass-necked Tory arch-Brexiter

Alistair Letham, a hotel and leisure consultant with Graham + Sibbald, said: “The increase of the energy costs was the final-straw before deciding on the voluntary liquidation but this offers new owners a fantastic opportunity to develop and re-establish the Douglas Arms Hotel as a thriving business, of appeal to locals and visitors, alike. The inclusion of a four-room private flat is ideal for resident owners. Royal Deeside has perennially been a popular destination; maybe even more so now. The Douglas Arms Hotel with its prominent High Street position is well placed to reap the benefits of both its town center and main Deeside Road location.”

Leave a Reply

Your email address will not be published. Required fields are marked *

ladangtoto link slot gacor server thailand ladangtoto ladangtoto slot zeus slot thailand slot server thailand ladangtoto link server thailand login ladangtoto ladangtoto terbaru slot pg soft mahjong ways login gacor88 situs slot thailand gacor88 link alternatif slot gacor gacor88 indoslot cara login daftar ladangtoto login ladangtoto ladangtoto ying77 slot link server thailand link alternatif ladangtoto ladangtoto resmi link alternatif ladangtoto 2 ladangtoto login slot server thailand maxwin 66kbet gacor hari ini daftar dewaslot ladangtoto slot mahjong ways 2 gacor slot thailand asli daftar ladangtoto slot idn gacor rtp ladangtoto 66kbet link tergacor slot77 login games online easy win ladangtoto link alternatif akses ladangtoto ladangtoto login resmi ladangtoto2 ladangtoto resmi gacor situs bandar ladangtoto 66kbet starlight princess login ladangtoto resmi bandar togel ladangtoto 66kbet 66kone ladangtoto slot777 gacor slot mahjong ways terbaik ladangtoto rtp maxwin slot gacor mahjong pg soft slot gacor thailand gampang menang 66kbet Link Starlight slot777 Ying77 Slot Zeus Ying77 Anti Rungkad GB777 slot thailand ying77 akun pro link alternatif ok88slot link ok88slot mahjong ways RajaJp Official Fun77toto Terbaru Fox77 Terlengkap Slot Thailand Link Ladangtoto Withdraw Togel Official PGSlot Resmi raja88jp resmi link slot gacor ok88 888slot maxwin slot777 situs slot gacor server thailand ladangtoto bandar togel joker gaming