A HIGHLAND hotel and restaurant which has been described as a "highly desired establishment" has been sold.
Commercial real estate specialists Colliers, along with Christie and Co as joint agents, sold the Airds Hotel and Restaurant in Port Appin for an undisclosed sum to a Scottish buyer on behalf of the family who ran the hotel for almost two decades.
The country hotel, originally an 18th century ferry inn, was owned by Shaun and Jenny McKivragan, who decided to sell to allow them to retire after 19 years of operating the hotel, Colliers said this week.
The hotel, also described as a "highly successful business”, has been purchased by Benjamin Andrews. The agent said the sale reinforced the popularity of premises in prime locations.
Shopping centre for auction at £500,000
DUNDEE’S Wellgate shopping centre is to be sold at auction next month with a guide price of £500,000.
The shopping centre, which has a 583-space, multi-storey car park, has 76 retail units over ground, first and second floors and generates a current gross annual income of £1,341,000.
Housebuilder buys Highlands rival in £56m deal
ELGIN-based housebuilder Springfield Properties has agreed to take over Highlands rival Tulloch Homes in a £56.4 million all-cash deal.
Aim-listed Springfield said the deal will accelerate the company's growth and give it a foothold in "an area of high demand in Scotland". It is also expected to significantly enhance earnings from the first full year of ownership.
Disused oil rig yard to become green energy complex
WORK has started on a plan to transform the huge site of a former oil rig fabrication yard in the Highlands into a pioneering ‘fully circular energy transition facility’, which supporters reckon will create thousands of jobs.
The new owners of Ardersier Port on the Moray Firth have begun a £20 million dredging programme that they reckon will pave the way to the transformation of a site that has lain derelict for years.
Lower-carbon concrete plant to be built in Lanarkshire
A PLANT which will enable the manufacture of lower-carbon cement products is being created in South Lanarkshire, following a £500,000 award from Scottish Government-backed Zero Waste Scotland’s Circular Economy Investment Fund.
The new facility is being launched by Innovative Ash Solutions, a 50-50 joint venture between Scottish waste and resource management company Levenseat and environmental and renewable energy consultant Organic Innovative Solutions.
Analysis, insight opinion
Kristy Dorsey: Hospitality vacancies to hit a record high this festive season
Ian McConnell on Wednesday: Bitter blow for overseas holiday hopes with major new restrictions
Mark Williamson: Do Scotland's mutuals have a future in modern financial services industry?
Ian McConnell on Friday: Sad ghost tour of Scotland’s former seats of real power
Brian Donnelly: 60 hotels sold this year in hospitality handover
Features
Monday Interview: IGS harvests climate gains that can also feed the world
SME Focus: Edinburgh carbon innovators use waste to help cut emissions
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