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Truly unique opportunity to acquire a substantial 43 bedroom hotel on the shores of the stunning and iconic Loch Awe. Located in an area zoned for development there is ample opportunity to increase the foot print of the hotel with additional shore side suites, boat house apartments or lodges. Current revenues are in the region of ÂŁ1.8m. Viewing is highly recommended to appreciate what is on offer.
Situation
Portsonachan Hotel offer an idyllic retreat on the shores of Loch Awe, situated amidst the breath-taking landscape at the foot of the Scottish Highlands. Loch Awe, renowned as one of Scotland's most iconic lochs, stretches majestically with over 60 miles of pristine shoreline. As Britain's longest freshwater loch measuring 26 miles, Loch Awe captivates with its outstanding Highland scenery, with Glen Coe just over an hour's drive away. The loch is celebrated for its excellent trout and pike fishing opportunities, with convenient launch and mooring facilities nearby.
Located within a short distance, Portsonachan Hotel enjoys easy access to key destinations: 31 miles to Oban, 78 miles to Glasgow, and 12 miles to Inveraray. The nearby village of Dalmally features essential amenities, including a thriving Primary School, modern Health Centre, Pharmacy, Post Office, Train Station, and Church.
To the west lies Oban, a vibrant town boasting an array of shopping and leisure facilities, along with a diverse culinary scene of bars and restaurants. Oban hosts several primary schools, a high school, medical center, modern hospital, and churches, catering to residents' needs. Known as the “Gateway to the Isles,” Oban's picturesque seafront and bustling harbor serve as the departure point for Caledonian MacBrayne ferries, connecting to the inner and outer Hebridean islands. Adjacent to the ferry terminal lies a railway station, facilitating travel to Glasgow and beyond. Glasgow Airport further enhances connectivity with daily flights to the UK, Europe, the Middle East, and the US.
Business
Portsonachan Hotel operates all year round and is open to both residents and non-residents. In total the hotel has 43 letting rooms and a 120 cover restaurant. The hotel also benefits greatly from the multitude of guests that stay in the nearby lodges and other holiday accommodations. Room rates vary from ÂŁ74 to ÂŁ185 with peak season occupancy levels close to 90%
The current owners manage the hotel operation and are assisted by a general manager and 20 FT staff and 3 PT staff. Staff levels fluctuate between high and low season.
The restaurant has an excellent reputation and specialises in a rustic menu concentrating on the best local produce and some of the finest that Argyll and Bute have to offer.
In addition to the traditional hotel revenue streams derived from wet, dry, and accommodation sales, the hotel enjoys additional income from a leisure boat hire business. Loch Awe's reputation for Trout and Pike fishing draws anglers from near and far. The hotel boasts a fleet of 11 leisure craft along with a professional 23-foot Fishing Charter Boat. Anticipated revenue for the current year is expected to surpass ÂŁ1.8 million.
Property
The Portsonachan Hotel, a beautiful Victorian building on the shores of Loch Awe, welcomes guests through its entrance located on the patio overlooking the Loch and private jetty. The ground floor of the hotel boasts spacious public areas, including a cosy bar with an open fire, a lounge for residents, and a large dining room and conservatory offering stunning views of Loch Awe, accommodating up to 120 guests. A staircase from the main hall leads to the first floor, where 19 en-suite bedrooms are situated, comprising a mix of double, single, and family rooms, designed to ensure comfort and relaxation for guests amidst the scenic surroundings.
To the western side of the hotel, there are 10 one-bedroom hotel suites offering stunning views. Each suite features a spacious living area and bathroom on the ground floor, with a staircase leading to the bedroom on the first floor. The design of the hotel suite complex maximizes the picturesque waterside location, allowing guests to fully appreciate the breathtaking surroundings.
The old coach house has been converted into additional letting rooms, offering a combination of 1 and 2 bedroom apartments, hotel rooms, and suites. In total, there are additional rooms available for guests to enjoy during their stay.
The hotel complex is located in an area zoned for development. There is additional land available for acquisition which is suitable for lodges and glamping pods.
External
The Portsonachan Hotel enjoys significant advantages owing to its prominent shore side position. Its mature front gardens gracefully extend down to the shore, enhancing its picturesque setting. On the eastern side, a spacious patio offers outdoor seating with panoramic views across the loch, complemented by a private jetty and boathouse where the boat hire business operates from.
To the western side, a substantial car parking area adjoins the hotel suites and the land earmarked for additional hotel suites. Meanwhile, at the rear, further land presents opportunities for future development.
Summary
This presents a remarkable opportunity to acquire a well-established hospitality business with promising growth prospects, including the potential for expansion through planning permission for additional hotel accommodation. New owners stand to gain not only a hotel in an exceptional location on the shores of Loch Awe but also ownership of the surrounding loch itself.
