Oban Bay Ho­tel is bought by firm based in Thai­land

The Oban Times - - Business - DAVID MCPHEE dm­cphee@oban­times.co.uk

THE Oban Bay Ho­tel and Spa is set to be sold to a com­pany from Thai­land.

The Cr­erar Ho­tel Group is sell­ing its en­tire port­fo­lio, which con­sists of 13 ho­tels in­clud­ing the Isle of Mull Ho­tel and Spa, the Loch Fyne Ho­tel and Spa and the Glen­coe Inn and Gath­er­ing. Of the ho­tels, 12 are in Scot­land, while the other is lo­cated in York­shire.

In ad­di­tion to the ho­tels, FICO Cas­tle Ltd is also pur­chas­ing the brand name Cr­erar Ho­tels and Cr­erar’s short­break com­pany Easy Breaks. The pro­posed takeover by the Bangkok-based co­many will be in late Au­gust.

The price of the sale hasn’t been dis­closed, but the net turnover for the Cr­erar Ho­tel Group Ltd in 2017/18 is fore­cast to be around £ 30 mil­lion.

Half of the net pro­ceeds will be do­nated to the Cr­erar Trust, a char­ity run by the Cr­erar fam­ily. The trust gives money to good causes that have links to where Cr­erar ho­tels have busi­nesses or in­ter­ests.

A spokesman for Cr­erar Group said: ‘ We are de­lighted to an­nounce that, sub­ject to le­gal con­tract, we in­tend to sell all of our assets.

‘The dis­cus­sions un­der­taken over the past year have been en­tirely pos­i­tive and we feel very cer­tain that the new own­ers’ in­put and fresh global per­spec­tive will bring out the best in our soon to be for­mer ho­tels and as­so­ci­ated business in­ter­ests.

‘In par­tic­u­lar, we were im­pressed about the fo­cus, care and at­ten­tion they demon­strated when dis­cussing how the peo­ple in the or­gan­i­sa­tion will con­tinue to be given every op­por­tu­nity to flour­ish.’

The other ho­tels that will be in­cluded in the sale are the Ben Wyvis Ho­tel, Strath­p­ef­fer; Chevin Coun­try Park Ho­tel and Spa, Ot­ley; the Craiglynne Ho­tel, Gran­town- on- Spey; the Dee­side Inn, Bal­later; Eight Acres Ho­tel and Leisure, El­gin; Glen­coe Inn and Gath­er­ing, Glen­coe; Golf View Ho­tel and Spa, Nairn; Go Glas­gow Ur­ban Ho­tel, Glas­gow; Scot­land’s Ho­tel, Pit­lochry; and Thain­stone House, In­verurie.

‘We have been very lucky to have had two amaz­ing sup­port­ers over the years and it’s im­por­tant that we pay trib­ute to them,’ a spokesman for Cr­erar Ho­tels added.

‘Thank you to our great gen­eral man­agers and the fan­tas­tic teams they have with them – hos­pi­tal­ity is all about peo­ple and they are ex­em­plars of what great hos­pi­tal­ity is about. And, of course, with­out the many, many loyal cus­tomers of both Cr­erar Ho­tels and Easy Breaks, we would have had noth­ing.

‘I know both th­ese sup­port­ers will very much en­joy a re­freshed ap­proach that will come with the en­thu­si­asm of new own­er­ship.’

The Oban Bay Ho­tel has been sold as part of a pack­age.

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