Historic castle and ‘one of Scotland’s finest five-star hotels’ sold

Historic castle and ‘one of Scotland’s finest five-star hotels’ sold

HeraldScotland:

HeraldScotland:

A HISTORIC castle and hotel described as one of the finest in Scotland has been sold for an undisclosed sum, agents have said.

Savills, on behalf of a private client, said it had completed the sale of Fonab Castle in Pitlochry, located 26 miles north of Perth, to Fonab SPV.

The five-star luxury hotel and spa resort with gourmet restaurant is set in an 11-acre rural estate.

The property is a Grade B listed Scottish baronial mansion, dating from 1892, with a significant estate having been owned by wealthy merchants and also operated as a British Red Cross auxiliary hospital treating wounded soldiers during the First World War.

HeraldScotland: 'We can't wait to see the buyers';  business plan is taking shape.'

HeraldScotland: “We can’t wait to see the buyers’ business plan take shape.”

“We look forward to seeing the buyers’ business plan take shape.”

The property is in a “very accessible but semi-rural” location and surrounded by mountains, woods and the Tummel River, the agent said.

It has 43 individually decorated rooms and suites, some with exceptional period features and breathtaking views. The property also benefits from a bespoke spa and a gourmet restaurant awarded 3 AA rosettes.

HeraldScotland:

HeraldScotland:

The agent described the premises as ‘one of the finest five star hotels in Scotland’.

Steven Fyfe, associate director in the hotel capital markets The Savills Glasgow team said: “We are delighted to complete the sale of Fonab Castle on behalf of the owners, which offers a truly remarkable luxury Scottish experience.

“We look forward to seeing buyers Business plan is taking shape. Pitlochry is a popular destination for tourists offering beautiful scenery and many attractions.

“The market for luxury and leisure hotel assets continues to attract strong demand.”

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