A Scottish hotel run by the same woman for almost three decades has been sold.
Christie & Co, the specialist business property adviser, announced the sale of Kildonan Lodge Hotel in Edinburgh.
For nearly 30 years, the hotel has been operated by Maggie Urquhart, who is now set to retire.
Ms Urquhart paid tribute to the staff and guests.
She said: “I would like to thank all our guests, many who have stayed multiple times.
"It has been a pleasure to meet you all and I wish you all the very best for the future.
"To my staff, who became like family, thank you from the bottom of my heart for your loyalty and dedication in helping make Kildonan Lodge such a warm welcoming place to stay.”
Sited in the leafy suburb of Newington, the business is set in a Victorian villa, which has period features and comprises 15 letting rooms in a range of styles, from traditional with four-poster beds, to modern boutique.
Gary Witham, director - hotels at Christie & Co, who handled the sale, said: “Small high-quality hotels rarely become available so close to the city – there is certainly good demand from buyers who benefit from the international appeal of the Edinburgh market.
"Post covid trade has been stronger than ever.”
Kildonan Lodge Hotel was sold with a guide price of £2m.
Firm extends Scottish accountancy acquisition streak
Expanding financial services group Opulus has extended its network in Scotland with the acquisition of a long-established accountancy business based in Edinburgh.
George+Co has become the latest in a string of Scottish firms to join up with Opulus, a joint venture between founder Matthew Garstang and investment group N4 Partners set up to provide business services to small and medium-sized businesses.
Mairi Spowage: Can new Scottish Government reset its relationship with business?
A new Scottish Cabinet and ministerial team has been appointed by new First Minister Humza Yousaf.
As well as the historic appointment of a First Minister from an ethnic minority background, it is a cabinet of lots of firsts. It is the first time that a Scottish Cabinet has been made up of a majority of women, and five of the nine members of the cabinet are under 40.
Professor Mairi Spowage is the director of the Fraser of Allander Institute, an economic research institute at the University of Strathclyde
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