Wed, 13 Aug 2025 | COMMERCIAL PROPERTY
The George Hotel, a 24-bedroom boutique hotel in Inveraray, has been acquired out of administration in a deal that safeguards dozens of jobs. Fyne Hospitality has acquired the hotel business, its contents and a residential dwelling in a deal worth £3.05 million.
The hotel, which has been owned and operated by the Clark family for seven generations, employs 43 full and part-time staff. A noted hospitality venue, winning numerous awards for its hotel services, the George Hotel is located on a one-acre site close to the western shore of Loch Fyne.
However, the business fell into administration on 28 March 2025, with administrators attributing the collapse to historic debts. Kevin Mapstone and Kenny Craig of Begbies Traynor were appointed as joint administrators of Inveraray Inn Limited, trading as the George Hotel.
Begbies Traynor partner Thomas McKay supervised the hotel’s trading during administration while a buyer was sought. The marketing campaign for the business attracted interest from 51 parties, with Fyne Hospitality ultimately securing a deal following negotiations and a swift due diligence process.
Following the acquisition, co-owners Charlie Maclachlan and Sam Wignell will take over the operation of the hotel, bringing significant industry experience to the business. Thomas McKay said that Maclachlan and Wignell had “saved a seventh-generation business, a 165-year-old family hotel that is a major contributor to the local and regional economy”.
He continued: “This deal opens a new chapter for the George Hotel as a historic venue, providing the best possible outcome in challenging circumstances and saving all jobs in the process.”
McKay added that the hotel and hospitality industry had experienced “a turbulent few years” and continued to face uncertainty as a result of high costs for trading, goods and services, which made it difficult to achieve profitability and meet creditor commitments.
He emphasised that owners “can help to alleviate financial challenges by taking restructuring advice as early as possible.”
Last year saw a resurgence in M&A in the travel and tourism sector, with hotels playing a key role
This substantial 43-bedroom urban hotel, situated just 5 miles from Newcastle city centre, offers an exceptional investment opportunity with its prime trading location and extensive public areas, including a popular bar and refurbished function room.
FREEHOLD
Opportunity to acquire a well-positioned hotel in a prime canalside location, offering excellent visibility on the A6 in a sought-after trading area.
FREEHOLD
This is a unique opportunity to acquire a well-established online travel agency servicing the UK market, boasting significant intellectual property assets. The expedited sale process ensures a swift acquisition for interested parties.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.