The group has now decided to raise the profile of the brand by further investing in their hotels.
Chief Executive of CHG Paddy Crerar has put on hold plans to sell Crerar's portfolio of hotels to FICO Castle, to consider other options
Last year, CEO Paddy Crerar from Oban made a difficult personal decision and agreed to sell all 12 hotels in Scotland and one in Yorkshire to FICO Castle – a UK subsidiary of Thai company FICO Corporation. After lengthy negotiations FICO Castle failed to deliver to contract causing Crerar Hotels to cancel the deal.
The hotel portfolio includes the Ben Wyvis Hotel in Strathpeffer, Craiglynne Hotel in Grantown-on-Spey, Deeside Inn at Ballater, Eight Acres Hotel and Leisure Club in Elgin, Glencoe Inn & Gathering in Glencoe, Golf View Hotel & Spa in Nairn, Isle of Mull Hotel & Spa in Craignure, Loch Fyne Hotel & Spa in Inveraray, Oban Bay Hotel & Spa and Thainstone House, near Inverurie.
CHC accounts for the year to March 25, 2017, show pre-tax profits rose to £844,995, from £831,125 previously, on turnover that was up by more than 8% to £27.4million.
To learn more about Crerar Hotels visit: www.crerarhotels.com
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