The Hotel + Leisure division of UK property firm Graham + Sibbald are delighted to offer for sale the Royal George Hotel, Tay Street, Perth, PH1 5LD – a well established city centre hotel showing rising turnover in 2023.
Whilst The Royal George Hotel has its origins some 250 years ago, it is the current mid-19th Century property that forms the core of this special city hotel overlooking the River Tay. The hotel has 46 letting bedrooms; an extensive range of bar, restaurant, meeting and function room facilities; plus a small gym and games room. A recent addition, in 2021, is a Gin Distillery and adjoining Gin Garden which is proving to be popular.
The Royal George Hotel has a spectacular position overlooking the River Tay and located within the heart of Perth, itself at the confluence of road and rail transport, and is the “Gateway to the Highlands”. The hotel is very close to the Perth Concert Hall, an increasingly popular concert & conference venue; plus the development of the Perth City Hall as the new “Perth Museum” is almost completed ready for the Stone of Destiny to be housed there post the coronation of King Charles in June 2023. This attraction is expected to bring an additional 280,000 visitors to the city by the end of 2024, and is within a 2-minute walk from The Royal George. Plus, of course, the nearby Perth Racecourse at Scone Palace, the UK’s most northerly National Hunt course, holds around 12 meetings annually which benefits the hotel.
The Royal George Hotel is being sold, to facilitate retirement, by the Anderson family who have owned and operated the hotel business for over 23 years.
Alistair Letham, a Hotel + Leisure Consultant with Graham + Sibbald, commented, “The Royal George Hotel is veritable hotel institution in Perth. But more importantly it is a very well-established business with good profitability; plus bookings for 2023 are showing an excellent growth on previous years. This is wonderful opportunity for new owners, whether corporate or private, to acquire a very popular city centre hotel property and business.”
Graham + Sibbald are inviting “Offers over £2,500,000” for The Royal George Hotel, Perth.
Please contact the Agents, Alistair Letham (Alistair.firstname.lastname@example.org), Peter Seymour (Peter.Seymour@g-s.co.uk) or Katie Tait (Katie.Tait@g-s.co.uk) direct for more information on this fantastic business opportunity.
Graham + Sibbald has over 250 employees and 23 partners working across its 21 UK offices in Scotland and England.