One of Scotland’s ‘top’ five-star hotels, Fonab Castle in Pitlochry, has been sold to Fonab SPV for an undisclosed sum.
The five-star luxury hotel and spa with gourmet restaurant is set on 11 acres of rural estate in a Grade B listed Scottish baronial mansion dating from 1892.
The building is said to have “significant heritage”, having belonged to wealthy merchants in the past. It also functioned as a British Red Cross auxiliary hospital treating wounded soldiers during the First World War.
The property is located in a semi-rural but accessible location and is surrounded by mountains, woods and the Tummel River.
It has 43 individually decorated rooms and suites, some with period features and breathtaking views. The property also features a bespoke spa and a 3 AA Rosette-awarded gourmet restaurant.
Steven Fyfe, Associate Director of Savills Glasgow’s Hotel Capital Markets team, who managed the sale, said: “We are delighted to complete the sale of Fonab Castle on behalf of the owners, which offers a Scottish experience. truly remarkable luxury. We can’t wait to see the buyers’ business plan take shape.
“Pitlochry is a popular destination for tourists offering beautiful scenery and many attractions. The market for luxury and leisure hotel assets continues to attract strong demand.