MELVILLE GROUP ADD THE ROYAL HOTEL TO PORTOFOLIO

The Melville Hotel Group has added The Royal Hotel in Thurso to its portfolio after buying it from the Mutha Group. The hotel, which was on the market for offers over £1.8m, is now set to be refurbished.

The Glasgow-based group, owned by Thomas Melville, includes the Grey Gull Hotel at Loch Fyne, Royal Dunkeld and the MacDonald Hotel in Kinlochleven.

The Royal Hotel has 103 bedrooms, a restaurant and a bar,.

Melville plans to re-open the hotel in the summer after some cosmetic upgrades of its public areas, before closing it for a full refurbishment in October.

The hotel, which sits on the North Coast 500 tourist route, was sold through Drysdale & Co.

Argyll House Goes On The Market

The MacKechnie family has put their 15-bedroom hotel, Argyll House, formerly known as King’s Knoll, on the market.

The hotel, situated on an elevated site in Oban, has an asking price of approximately £800,000. and is being sold through Graham + Sibbald.

The Dunollie Road property is described as a “wonderful opportunity to acquire an established hotel in a great location.” It enjoys a prominent position on the main road from Connel into Oban, providing breathtaking views of Oban Bay and the Isle of Kerrera.

The property offers various amenities, including a lounge bar, a bar-lounge conservatory, and a conservatory restaurant.

Alongside the 15 guest rooms, there are two additional double rooms designated for staff accommodation.

Graham + Sibbald said: “Argyll House, being sold by the MacKechnie family, is currently tenanted and operates on a purely bed-and-breakfast basis. The current tenancy will be terminated on completion of a sale.”