S Hotels and Resorts, owner of Jupiter Hotels, has acquired the long leasehold of Mercure Perth Hotel for an off-guide price of £2.25m.
The Mercure in Perth is a 15th century converted watermill comprising 76 en-suite bedrooms, a restaurant, bar and conferencing facilities, with views of the city.
It has car parking provisions for 50 cars, with a total site area is 1.01 acres. The property has an unexpired long leasehold term of 46 years.
