News / Brae Hotel for sale
A NORTH mainland hotel that predominantly caters for the oil and gas industry in Shetland has been put on the market for just under £1 million.
Owned by the same family for 30 years, current owner of the Brae Hotel Florence Troup has now decided to sell up in order to pursue retirement.
The three-star hotel in the centre of Brae features 35 en suite bedrooms, a function room for 100 seats, a restaurant and a popular public bar.
Sales agents Christie & Co. said the property also includes five semi-detached houses, each with three bedrooms, a lounge and a kitchen, which are currently occupied by staff members.
Located near the Sullom Voe Terminal, the hotel benefits from strong occupancy levels throughout the year from commercial contractors as well as tourists visiting the island, the agents said.
Christie & Co director Stuart Drysdale added: “The Brae Hotel presents a rarely available opportunity to purchase a well established business in Shetland that has strong trade from both tourists and corporate visitors.
“The whole of Scotland, including the outlying islands, are certainly seeing an increase in visitation numbers from international and domestic tourists.
“Alongside its strong association with the North Sea oil and gas trade, the Brae Hotel is perfectly placed to capitalise on growing tourist numbers in the years to come.”
More information can be found here.
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