Colliers International instructed to market historic family hotel in Perthshire

The Edinburgh office of global real estate advisor, Colliers International, has been instructed to market the Lands of Loyal Hotel, Loyal Road, Alyth in Perthshire, for offers of around £1.15 million.


The 17-bedroom country house-hotel, which overlooks the Vale of Strathmore, is set in four acres of its own private grounds and features a range of interconnecting rooms. It dates from the early nineteenth century and was built by the Ogilvy family on their then extensive Airlie Estate. The property was extended and re-modelled over the years before becoming a hotel in 1945.


Alistair Letham, a director at Colliers International commented, “the Lands of Loyal Hotel is one of the more quintessential Scottish country house hotels. It has an impressive trading performance and with the introduction of a bio-mass system, by the current owner, has significantly reduced energy costs therefore increasing profitability. The Lands of Loyal Hotel is one of these properties and businesses that must be seen to be fully appreciated”.


He added: “It is, however, the feature of the grand main hallway that is so impressive as the interior is reputedly based on the interior of the ship “The Mauretania”. The stunning hallway provides a “jaw-dropping” entrance to a comfortable lounge and is also used for formal functions.”


The Howell family are looking to sell the hotel in order to facilitate the retirement of Mr & Mrs Howell (senior) from the hotel trade.

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Alistair Letham

Director

Edinburgh

After graduating from Aberdeen university, with a Land Economy degree, Alistair joined a firm of national livestock auctioneers (United Auctions - UA) based in Perth in their property department specialising in the farm & rural property sector, and ultimately was Managing Director of the property company.  In 1986  Alistair joined the hotel & licensed property specialists, Robert Barry & Co (now Colliers Internatoinal) in their Edinburgh office. In 1991 Alistair was appointed Partner in charge of the Edinburgh office and following the sale of the specialist partnership, to what is now Colliers International, Alistair is now Directors of Hotels Agency, in charge of Scotland based in Edinburgh. Alistair has over 42 years of working in the property sector in Scotland, of which over 33 years has been exclusively in the specialist hotel sector inspecting hotels across the Scottish mainland and the Islands. Alistair's knowledge of Scotland - remote rural to busy cities - and its hotels is immense.

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