Station Hotel Perth, Scotland - FOR SALE

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Property Id : 34708

Land Size: 8,093 m²

Rooms: 75

One of the most historic (said to be Queen Victoria’s favourite hotel) landmark full service 4 star hotels in Scotland, based in Perth, known as the ‘gateway to the Scottish Highlands’
Comprising 75-bedrooms, spacious restaurant and two bars, conference facilities and ample car parking provision for 110 cars on a site of 2 acres. Recently completed two-year multi million renovation and branded as a Radisson Blu, the only upscale hotel in the city.
Former British Rail hotel, like the nearby Gleneagles, similar grandeur and scope to create the only 5 star hotel in Perth and re establish the historic aspects of the building
On track for net profit of £1m+ this year and following opening as Radisson Blu forecast net of £1.8m+.
Potential to create a 125 room 5 star hotel, with permission in principle to build an annexe wing for a further 50 rooms to build one of the most historic and landmark hotels in Scotland
The majority of public and bedrooms are very large grand rooms with high ceilings and original features
Value add initiatives includes improving on the conference segment, with a 600 capacity conference venue. In addition to increasing the number of weddings per annum. The F&B in general is relatively under-utilised in terms of improving secondary spend
Heritable (Scottish equivalent of freehold) interest held by the Vendor