Graham + Sibbald were delighted to assist Inspired Scotland as advisors and surveyors in their acquisition of the Inn at Lathones. The subjects are a well-known and historically popular Hotel situated in a rural location in the popular East Neuk of Fife close to St Andrews.
Inspired Hotels are a growing Scottish chain of Hotels including The Bridge of Cally, Blairgowrie, and The Bredalbane, Aberfeldy. G+S were instructed, by the purchasers, to provide a full and detailed valuation report. In addition, we provided Building Surveying input and due diligence in respect of the acquisition to provide our clients with advice not only in relation to current condition but also in respect of where future capital expenditure should be focussed to ensure maximum benefit. Our Building Surveyors were also able to provide advice to our clients to assist in their discussions and negotiations with the vendor in respect of the purchase.
The acquisition offered them an excellent opportunity to add value through capital expenditure and developing the business returning its reputation as one of the best places to eat in Fife. We were more than happy to meet with our clients following issuing the advice, to ensure that they fully, understood our rational.
We were impressed with the operational control that Inspired had with the rest of their estate and the business plan they presented for the future. The group seem to have very tight control on their margins whilst being able to deliver excellent standards of service to their guests. We are delighted they have now successfully concluded the deal and wish them all the success in the future with this venture, which should be a great addition to their portfolio.