Trust Group Snaps up Hotel
SCOTLAND, March 24, 2007. North British Trust Group has acquired Scotland's Hotel in Pitlochry. The acquisition is part of the group's continuing strategy to offer high quality hotels in beautiful locations, and follows the decision to sell 20 of its portfolio last summer.
Like the other four Crerar Hotels, the new hotel will appeal to both the business and leisure traveller. Set in the heart of the Perthshire countryside, Scotland's offers extensive conference and meeting facilities as well as a leisure club with indoor swimming pool, gym, solarium and treatment rooms.
The hotel will operate as a Crerar Hotel with immediate effect but will undergo a renovation and refurbishment project in due course to ensure that it is able to compete effectively in targeting the key markets that have been identified.
Chief Executive of Crerar Hotels, Paddy Crerar, said: "I am delighted with our new purchase and feel confident that it has strong growth prospects and the flexibility to develop into the market we are now targeting"
The newly appointed General Manager, Geraldine McKay, commented, "Crerar Hotels has a very strong vision as to where the company is going and I am delighted that both myself and Scotland's are part of the group at such an exciting time."
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