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This substantial former 63-bedroom hotel represents an outstanding investment or redevelopment opportunity in the heart of Peterhead, one of Aberdeenshire’s most prominent and prosperous towns. Originally constructed in 2017 and operated under well-known national brands including Travelodge and Ibis, the property has been closed for several years but remains in excellent structural condition. With appropriate recommissioning, it offers the potential to be restored as a leading accommodation provider within the area.
Occupying a prominent position on Chapel Street, the property is ideally situated within easy reach of the town centre, local amenities, and key transport routes. Entry is via a ground floor reception area that provides a spacious and welcoming entrance hall, with both lift and stair access to the upper three floors. The layout includes 63 well-proportioned letting rooms and ancillary accommodation suitable for staff or management use. To the rear is a private car park, providing convenient on-site parking and direct access to the reception area.
Peterhead is a thriving coastal town and one of Scotland’s most important ports, with a diverse economy driven by the offshore energy, fishing, and maritime sectors. Substantial ongoing investment in renewable energy, offshore wind, and port infrastructure continues to strengthen the local economy and increase demand for quality accommodation. The town also benefits from excellent connectivity to Aberdeen—just over 30 miles to the south—and serves as a key service hub for the wider Buchan area.
With its modern construction, strong commercial fundamentals, and considerable scope for repositioning, 16–24 Chapel Street presents an exceptional opportunity for investors, developers, or operators seeking to re-establish a high-quality hospitality offering in this dynamic coastal market.
