An international hotel operator has moved into the Scottish market, acquiring four prominent hotels in a multi-million pound deal, reports the BBC. EPCA provided Energy Performance Certification and Asbestos Surveying services for the sale.
Singapore-headquartered MGM Muthu Hotels bought four establishments in Tyndrum, Oban and Dalmally from Highland Heritage Ltd. The portfolio had an asking price of more than £4.5m. The deal was brokered by property firm Colliers International.
The Highland Heritage deal included the 96-room Royal Hotel and 132-room Ben Doran Hotel, both in Tyndrum, as well as the Dalmally Hotel in Strathorchy and the Alexandra Hotel in Oban.
A fleet of 16 coaches to shuttle tourists to the venues was included in the deal.
The MGM Muthu hotel group, which has its roots in India, owns nearly 30 hotels in Spain, Portugal, France, Cuba, Canary Islands, Madeira and the UK.
Alistair Letham, from Colliers International, said: "These two sales to a rapidly expanding international operator are a great outcome for everyone involved.
"Muthu is an ambitious luxury chain which will be well positioned to further develop the potential of these excellent properties in a way that will be welcomed by the local economy."