Glenburn hotel in Rothesay to reopen 'very, very soon'
The Glenburn hotel, which went into administration last August, was sold to Bespoke Hotels, the leading independent hotel group in the UK. Described as Scotland's first large hotel, Glenburn was originally built in 1843 and sits atop a prominent hilltop facing Rothesay.
FRP Advisory sold the property for more than £1.1m after being unable to meet operational costs due to declining income during the pandemic.
Scotland's Glenburn Hotel selling for more than £1.1 million Co-CEO Stuart Robb, partnership officer for FRP Advisory, said: "We are very pleased to have sold The Glenburn Hotel, which is one of Scotland's most prominent hotels with a long history stretching back to its opening as a grand seaside hotel in 1892.
Completely renovated in 2016, it has 134 guest rooms, ballroom, restaurants, bars, terraces, conference facilities, and extensive patio gardens, and was popular with the package and individual visitors in the years leading up to its closure.
Haydn Fentum, Chairman of Bespoke Hotels commented: "We are delighted to have agreed on a deal with FRP to acquire the Glenburn Hotel and look forward to integrating it into our expanding portfolio.
Alan Creevy, Director CDLH said: 'As expected, there was a great deal of interest in the property resulting in a competitive bidding process.
Bespoke Hotels were a pleasure to deal with throughout the sale process and we wish them the very best of success with this delightful property'.