One of Scotland’s finest five-star hotels, Highland Perthshire ’s Fonab Castle, has been sold to new owners.
The deal was done recently by Savills on behalf of a private client, Fonab SPV, for an undisclosed sum.
The luxury five star hotel and spa resort located in Pitlochry 26 miles north of Perth, comes with 43 bedrooms, a three AA Rosette fine dining restaurant, set within 11 leafy acres overlooking Loch Faskally.
The property is a Category B listed Scottish baronial mansion house, dating back to 1892, with a significant heritage having been owned by wealthy merchants and also operated as a British Red Cross auxiliary hospital, caring for wounded soldiers during World War I.
Steven Fyfe, associate director in the hotels capital markets team at Savills Glasgow, commented: “We are delighted to complete the sale of Fonab Castle on behalf of the owners.
“We look forward to watching the purchasers’ business plan take shape.
“The market for luxury and leisure-led hotel assets is continuing to attract strong demand.”
Joe Bester is portfolio manager at Fairtree and represents Fonab SPV in partnership with Blantyre Capital Limited. He commented: “We are very happy to be partners in this landmark deal.
“Niall Thompson, our general manager, and his team have created a fantastic hotel and we are keen to work with them during the journey ahead.
“We look forward to building on the phenomenal standards and reputation of Fonab and guiding the hotel into this new chapter as we enhance and extend its luxury offering.
“We are excited to be partnering with Blantyre as we are convinced to have found the perfect partner backing us on this journey to build a leading UK hotel platform.”
