Pub giant buys former Marine hotel staff accommodation
The former Marine Hotel staff accommodation building in North Berwick has been sold to one of the Scottish pub giants.
The news was confirmed by Allied Surveyors Scotland, who were appointed to sell the building. It was released to the market in March.
It was purchased for redevelopment by Caledonian Heritable, one of Scotland’s largest private leisure and property management companies.
Caledonian Heritable took charge of the Winton Arms in Pencaitland in 2019, he also owns The Dome in Edinburgh.
The company is run by Kevin Doyle, owner of Archerfield Estate.
The property’s eventual sale price is not disclosed, but it exceeded the asking price by Â£ 1.353million.
The Dirleton Avenue property belonged to the Marine Hotel when it belonged to the Macdonald Hotels.
It used to be the home of the staff who worked at the hotel; both properties were bought from Macdonald Hotels and bought out by Chicago-based AJ Capital last year.
AJ Capital is currently in the process of redecorating the Marine Hotel, with plans for it to open in late summer.
The old staff building was put on the market because it “was becoming surplus to requirements”, with Bruno De Schuyter, manager of the Hotel Marine, adding that it “no longer corresponded to its original purpose” because AJ Capital has said it is moving away from staffing. accommodation.
The property sits on half an acre of land and, at 9,108 square feet, consists of 18 rooms over four floors.
Iain Mercer, Director of Allied Surveyor’s (East) Trade Agency, said: âWith such demand for properties in North Berwick, there has been considerable interest from the moment we listed it.
âThis led to a very competitive and ultimately successful close date for our client. ”
A major renovation of the seaside site is currently underway.