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Hotel opportunity in Scotland 'hot spot'

An opportunity has emerged for a hotel developer to create a business-class hotel in one of the UK’s best hotel locations.

Earlier this year Inverness topped the Colliers Scottish Hotel Index, with strong levels of demand, low development costs and high occupancy rates.

Demand for hotel accommodation in the city is strong, with revenue per available room growing by 40% between 2012 and 2016 compared to the national average of 27%.

The regional development agency, Highlands and Islands Enterprise (HIE) is to market a site on its Inverness Campus development for a business-class hotel of around 120 bedrooms. The site extends over two plots totalling around three acres.

Inverness Campus is one of Scotland’s most innovative projects. The 215-acre development is designed to provide a range of academic, research and commercial opportunities, with an emphasis on the life sciences sector.

There are already more than 600 people working on the Campus, with developed plots accommodating several public and private sector organisations, including Inverness College UHI, Scottish Vet Referrals, Corporate Health International, Scotland's Rural College and Aqua Pharma.

The provision of a quality hotel with facilities such as meetings rooms, bistro, bar and lounge, is seen as an essential element of the development.

Commercial real estate firm, GVA, is marketing the site on HIE’s behalf.

In doing so GVA is looking for bids that embrace the collaborative ethos of Inverness Campus, support local supply chain companies and provide employment and training opportunities, particularly for young or disadvantaged people.

Ruaraidh MacNeil, HIE’s Inverness Campus project director, said:

“Inverness is a very attractive location for hotel developers. The city is growing, the region’s economy is growing and the demand for hotel accommodation is very strong.

“We have been exploring options for a hotel development on Inverness Campus over the past three years, and are delighted to be able to present this opportunity to the market.

“In developing the site, the successful bidder will soon become integral to Inverness Campus, offering training and career development opportunities whilst being part of the region’s growth.

“Improved access to leisure, restaurant, café and bar facilities will further enhance the appeal of the Campus to staff, students, visitors and local people. It will also make the site more attractive to potential investors and continue the growth of the commercial sector within the Campus.” 

Hotel developers have until 17 November to register their interest in the site with GVA. The contact is Ian Derrick on 0131 469 6028 or ian.derrick@gva.co.uk

Last Modified: Friday 06 October 2017 06:26
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