The Lake of Menteith Hotel in the Trossachs has been sold by Drysdale and Company to Karma Group for an undisclosed sum.
Karma purchased the leasehold interest in the 18 bedroom hotel, adding to a portfolio of more than 40 hotels across the world. It is the group’s first acquisition in Scotland.
Drysdale and Company was appointed by Fleming Homesteads to find a buyer for its leasehold interest in the hotel, having operated the business for more than 17 years.
Stuart Drysdale, director at Drysdale and Company, said: “After a short marketing campaign we were able to set a closing date due to the high levels of interest and seven offers were received, reflecting the unique opportunity the Lake of Menteith hotel presented.
“Our client, Ian Fleming, has established the business as a quality destination venue for locals and visitors to the area, many of whom use the hotel as a base to explore the wider area around Loch Lomond and Aberfoyle.”
John Spence, owner of Karma Group, said: “We're delighted to be able to introduce our latest Karma Group property in time for Christmas: Karma Lake of Menteith is a delightful lakeside residence, nestled in a tiny Scottish hamlet in the rolling Perthshire countryside, just an hour from Edinburgh and Glasgow.
“This is our first property in Scotland and one that captures all the rural charm, timeless traditions and warm hospitality of this historic and beautiful land.‘’
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