Christie & Co instructed to market family-run hotel
Specialist business property adviser, Christie & Co has been instructed to sell St Olaf Hotel, located in the coastal village of Cruden Bay, Aberdeenshire.
Cruden Bay is situated on the east coast of Scotland, 23 miles north of Aberdeen and eight miles south of Peterhead. The coastal village is famed for its sweeping expanse of pink sands and dunes, as well as the world-famous Cruden Bay Golf Course, which is repeatedly rated one of Scotland’s best courses and is within the top 100 courses in the world, drawing in large numbers of visitors year-round as a result.
The St Olaf Hotel enjoys an enviable position in the bay, overlooking the Cruden Bay Golf Course and out to Cruden Bay. The property sits just a few minutes walk from the golf club house, making it a popular choice for the many golf-enthusiasts looking try out the world-class golfing experience, or holidaymakers and international tourists looking for an ideal base to explore what the bay has to offer.
The traditional hotel features a reception hall which includes a spacious lounge, restaurant, breakfast room, and public bar with a separate entrance. The accommodation offered comprises five en-suite bedrooms, which cater for single guests and families alike and have been decorated in a comfortable, homely fashion. Slains Castle, which is said to have inspired Bram Stoker to write his gothic horror story Dracula, can be seen from the front bedrooms of the hotel, as can the panoramic views of the historic Buchan coastline.
The sale of the St Olaf Hotel presents a great opportunity for a new operator to acquire a well-established business in a sought-after coastal village location, that historically performed exceptionally well. There is plenty of opportunity to grow the business through internal investment and reviewing how the hotel is marketed on various social media platforms.
Brian Sheldon, Regional Director, of Christie & Co, who is handling the sale, comments, “The sale of the St Olaf Hotel offers the discerning purchaser a unique opportunity to acquire a small family-run hotel in an enviable location, which attracts a range of guests, including business travellers, domestic holidaymakers and international tourists.”
The business is on the market at an asking price of £450,000 for the freehold going concern.
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Brian Sheldon, Regional Director - Hospitality Scotland & North West
M: 07764 241315 or E: brian.sheldon@christie.com
