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Elgin's Eight Acres Hotel up for sale

By SPP Reporter

eight acres
eight acres

AN Elgin hotel and leisure club has been put up for sale by its owners.

Crerar Hotels have put the Eight Acres on the market, along with Ben Wyvis in Strathpeffer and Craiglynne in Grantown-on-Spey.

The hotel chain say an in-depth review of the prospects for Scottish hospitality, along with the possible impacts of Brexit, led them to make the decision.

Offers of around £6.85 million are sought for the three hotels, but the group say they would look at individual offers as well.

The move is part of an investment programme by the group which has included £10 million worth of improvements to a number of their hotels in Oban, Inveraray, Nairn, Glencoe and Mull with each hotel noted as, or will achieve, a minimum of high four-star status.

The remaining hotels owned by the group will undergo investment in stage two.

The group say improvements so far have been self-financed and the potential sale of the three hotels would help fund further investment.

Controlling shareholder and chief executive, Paddy Crerar, said: “We recognise that the debacle of Brexit is a true and dangerous threat, both to how others see our country and also who will, or can, join our workforce.

“At a time when Scotland has record employment no-one can afford to ignore the net negative impact that loss of freedom of movement will place on business and communities, particularly those in rural locations.

“That’s another reason why investing in our business is so important – with an inevitable shortage of labour, skilled and unskilled, we have to be an employer of choice.

“We have to be more attractive as an employer than anyone else.

“Hospitality people need more than good wages, they want, and need, to believe in the business they are joining.”

The Eight Acres hotel has 52 rooms, a restaurant, gym, swimming pool, sauna and function suite.

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