Repairing fire damaged Cameron House will cost £18.5million, its owners have revealed.
The tragic blaze in December 2017 claimed the lives of two guests after it engulfed the five-star Loch Lomond hotel.
Simon Midgley, 38, and Richard Dyson, 32, from London, died in the fire and investigations are still ongoing into the circumstances of their deaths.
Owners of the hotel have now told how the bill to restore the complex is expected to top £18.5m but should be met by their insurance firm.
They say they also suffered losses of £1m due to the blaze taking place over the busy festive period which is also expected to be covered.
The company is insured for its loss of gross profits for three years.
The detail is revealed in annual accounts submitted to Companies House by Cameron House Resort (Loch Lomond) Ltd, which state they hope to be open for business in April next year.
The firm said: “On 18 December, 2017, a portion of the main building of the Cameron House Resort suffered extensive damage from a fire which started in the early morning hours.
“As a result that building, encompassing all of the hotel rooms, three restaurants, the hotel’s pool and leisure facilities and various other hotel guest services and back of house operations, has been closed for business since the date of the fire.
“Assessments of total reinstatement costs and related insurance proceedings are ongoing.
“At this time the estimated costs of reinstatement including contents total approximately £18.5m, the majority of which is expected to be reimbursed from property insurance proceeds.”
It adds: “Due to the fire taking place prior to a peak trading and fully booked festive period, the company lost out on over £1million of revenue. This was replaced by business interruption payments from insurance.”
The paperwork revealed the hotel’s turnover for 2017 was £21m and it made a profit of more than £2m.
Scottish Fire and Rescue Service has submitted its final reports to the Crown Office which is probing the deaths.
No detail has been publicly revealed on the cause of the tragedy and Police Scotland are yet to submit their final report. The Crown Office will then decide whether any legal proceedings will be held.
Plans to rebuild the hotel were given the go ahead by Loch Lomond and Trossachs National Park in January.
