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Strathmore buys Milton hotels in Fort William
Scottish-based hotel group, Strathmore Hotels, has acquired the Alexandra Hotel and Milton Hotel & Leisure Club from the Milton Hotel chain.
Both hotels are in Fort William and were purchased for an undisclosed sum.
Strathmore now has a portfolio of eight hotels in Glasgow, Perth, Nethybridge, Oban, Harrogate and the Lake District as well as Fort William.
Chief executive, Ronnie Rickard, said: “Fort William is one of the most important locations in Scottish tourism and the hotels’ addition will further strengthen our prominence in the Scottish market.
“Despite the many challenges facing the hotel industry and the tourism market, we are enjoying record levels of demand. I am confident of the smooth integration of the new properties and the continued success of this newly enlarged group.”
Miltons Hotels was advised by Christie & Co in Edinburgh on the sale.