Britannia Hotels has increased the size of its hotel portfolio to 43 with the acquisition of its second Scottish site – the Waterside Inn in Peterhead.
The 105-room Waterside Inn is located in the north of Peterhead some 35 miles from Aberdeen. It has extensive conference and leisure facilities and hosts a leisure club, encompassing a swimming pool, spa, steam room and gym, which enjoy good non-hotel-guest membership. And with two bars and ‘Ogilvies Restaurant’, the hotel benefits from year-round leisure income – including weddings.
Ken Sims, Director of Christie + Co, who brokered the sale, says:
“The Waterside Inn, which had operated under the Swallow Hotels flag, represents an excellent second foray into the Scottish hotel sector for Britannia Hotels. Its extensive array of facilities and very strong trade – drawn particularly from the local oil and fishing industries – means the Waterside Inn already enjoys excellent all-year-round commercial business.”
Britannia Hotels acquired The Waterside Inn in an unencumbered freehold sale off an asking price of £2.25 million.
For more information click here