Ms Ryan is extremely pleased with the smooth sale of the Morar Hotel, through Bruce & Co. This is the second hotel she has successfully sold through the company; the first being the highly reputable Tinto Hotel back in October, 2014.
The Morar Hotel, built in 1902, is a well-established and popular hotel which had been run by Ms Ryan since 2006. During its ‘quiet’ history, the hotel has seen just 4 owners and has a long tradition of being a family run hotel. This is reflected in the ambience of the hotel, offering guests a ‘feel at home’ stay. The business comes equipped with an excellent restaurant, and a well-stocked bar where guests can unwind and relax after dinner, or after a day of exploring the local area. There is an additional function room which can accommodate 80- 160 evening guests – all of which enjoy panoramic views. These characteristics alone made the business an attractive prospect, and raised high levels of interest with 40 people viewing the property.
The sale of the business, which was purchased by Mr Sherwood, took just 3 months – with the leasehold opportunity completing for £400,000.
The vendor, Ms Ryan commented “Jayne has been great to work with during the whole process – I will miss my update calls from her which I received on a regular basis! She persevered with the many and various viewers that contacted her about our property, put us in contact with a very efficient and professional Solicitor, and was good to bounce ideas and thoughts off. I would certainly recommend her to others.”