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Insider UK
Insider UK
Business
John Glover

Scottish hotel investment reaches £185 million last year, despite pandemic

The Scottish hotel market has seen a consistent increase in investment, despite the pandemic, with £185m being invested in 2021 - up 166% on 2020 and even 12% up on 2019 figures.

Savills research revealed that last year's total was transacted across 18 deals, with domestic buyers accounting for 54%, while international buyers represented 46% of transactions in Scotland.

Key deals to have taken place in Scotland last year include the sale of the Macdonald Holyrood Hotel, the acquisition of the Scores Hotel in St Andrews and the purchase of Bruntsfield Hotel in Edinburgh.

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