Blantyre and Fairtree confirm acquisition of Crerar Hotel Group
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Earlier today Blantyre Capital Limited and operating partner Fairtree Hotel Investments announced their acquisition of Crerar Hotel Group. Crerar’s portfolio of seven 4- and 5-star hotels will form part of the new owners’ plans to build a significant luxury UK hotel portfolio.
This is Blantyre and Fairtree’s fourth UK hotel takeover since 2021, following on from acquiring Fonab Castle and Dunkeld House Hotel in Perthshire, and the Daffodil Hotel and Spa in Cumbria.
Outgoing Crerar Hotel Group Chairman Paddy Crerar CBE commented on the sale by saying: “We set out to deliver the type of hotels and service that properly reflects Scotland (as) a world class destination. After getting to know the new potential owners it was soon clear that they shared identical aims and ambitions to those we have worked hard to foster at Crerar Hotels.
“Their view of the potential for high quality hospitality in Scotland pitched to the global stage is unquestionable and their access to greater resources makes delivering on the potential of Crerar Hotels achievable.”
Chris Wayne-Wills will remain as Crerar Hotels CEO supported by his existing team.
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