Fit for a King: Barony Castle sold

05 October 2012

On behalf of De Vere Hotels, Savills has sold the heritable title at Barony Castle in Peebles, on the Scottish Borders, to Prestige Hotel Management for in excess of the guide of £1.95 million.

The new owners will continue to use the 78-bedroom property as a hotel and conference centre. Set in 25 acres and with amenities including an indoor swimming pool, Barony Castle has capacity for 200 delegates.

Having been a hotel since 1926, the property is steeped in history, with the original building dating back to the 15th century. During the Second World War, the hotel was used by the Polish army, and after the war, the Polish Commander General Maczek commissioned a giant open-air three-dimensional map of Scotland to be built in the grounds. A campaign is now underway to restore The Great Polish Map to its former glory.

Gary Witham, director of hotels at Savills, comments: “Set in a beautiful rural landscape, Barony Castle is just 45 minutes drive from Edinburgh city and airport, making it ideal for exploring the Borders. This is a significant transaction for the provincial hotel market in Scotland and shows the appetite for quality assets. Its historical and cultural significance made it a truly individual asset that simply no longer fit with our client’s long-term strategy.”

Prestige Hotel Management was represented by GL Hearn.

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Gary Witham

Gary Witham

Director Hotel Agency

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