New owner for Dumfries hotel as Holiday Inn sold in multi-million pound deal
A Dumfries hotel has been taken over.
The Holiday Inn at the Crichton has been sold to Estee Group, which owns a number of hotels across the UK.
The hotel had previously been run as The Aston Hotel until 2014 when it became a Holiday Inn.
The Crichton hotel, along with hotels in Darlington and Sheffield, were marketed by Savills on behalf of FS JV License Ltd as the Project License portfolio with a guide price of £14 million.
Director in the hotel capital markets team at Savills Scotland said: 'Project License provided an excellent opportunity to purchase three well-located hotels with strong brand identity and considerable future asset management potential.
'We are very pleased to have completed the deal, achieving a strong price on behalf of our client.'
Director of the hotel capital markets team at Savills Manchester, Tom Cunningham, added: "The sale of the portfolio enabled the purchaser to significantly enhance its representation within the hotel sector, whilst also spreading risk across different geographies.
Join the Daily Record WhatsApp community!
Get the latest news sent straight to your messages by joining our WhatsApp community today.
You'll receive daily updates on breaking news as well as the top headlines across Scotland.
No one will be able to see who is signed up and no one can send messages except the Daily Record team.
All you have to do is click here if you're on mobile, select 'Join Community' and you're in!
If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'.
We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like.
To leave our community click on the name at the top of your screen and choose 'exit group'.
"This latest success is another indicator of the popularity of the sector with investors looking to generate decent returns despite ongoing market volatility.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Record
9 hours ago
- Daily Record
Scots beauty spot compared to 'Skid Row' as rowdy tourists drink and party
The site has been branded 'Skid Row' by furious locals as it has been invaded by tourists who camp beside the water and party through the night A picturesque Scottish site, Loch of Clunie in Perthshire, has been dubbed "Skid Row" as it's been overrun by unruly tourists indulging in alcohol-fuelled parties and criminal activities. The once tranquil spot has suffered from over-tourism in recent years, with party-goers flocking to camp by the water. Local residents have voiced their concerns about antisocial behaviour, including violence and littering. Some visitors have even brought along generators, gazebos and a flatbed truck equipped with its own fresh water supply for camping and outdoor enjoyment. However, the constant blaring of loud music throughout the night and drunken misbehaviour has resulted in locals being subjected to physical and verbal abuse, reports the Scottish Daily Express. Perth and Kinross Council have been accused of not doing enough to discourage troublemakers from wreaking havoc in the scenic area. Reports of nudity and drug use have also surfaced, with campers neglecting to clean up their rubbish after overnight stays. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Local resident Emma Crichton told the BBC: "Earlier this month there was a flatbed truck with a fresh water supply on it for three generations of campers who were there for 10 days with a generator with loud music. "I have people wandering into my garden asking if they can park there, people coming in and asking if they can use my loo. We have people having raves, it's like a music festival. I'm not a shrinking violet. I like a drink and I like loud music, but it's intolerable and I don't feel safe." Rangers have increased patrols in the area, collecting discarded items such as soiled nappies and a hypodermic needle. The locale typically teems with visitors between October or whenever the sun makes an appearance. Ms Crichton criticised the council and police response, stating: "Some of the rangers have been doing the job since before I got there so they know the area well and they're very invested in it. Every time I make a complaint, I'm told there's no law being broken. I cannot accept that." Negative feedback has also appeared on the Loch Clunie Facebook page, including a recent post from a man who visited the loch with his 10 year old daughter. He penned: "It was like Skid Row. Drunks everywhere - one or two being quite aggressive. Rubbish everywhere. Maybe half a dozen cars abandoned with parking tickets on them. Stayed for five minutes and left." Strathtay Councillor Ian James described the situation as an "absolute nightmare" for local residents. He commented that they were "putting up with loud music and drunken behaviour. Although it's a beautiful area, it's just not a nice place to be when it's like that." He alleged that a friend of his had been stabbed after requesting people not to camp in his garden. He added: "If this was Perth city centre, we'd have the police turning up and everybody would be trying their best to stop it, but this is in the countryside so it's unseen by most." A spokesperson for Perth and Kinross Council has stated that the local authority is keen for both visitors and residents to enjoy areas such as Loch of Clunie in a "safe, responsible and courteous manner". The spokesperson further added: "Parking attendants patrol the clearways, issuing guidance and penalty notices as appropriate. "We fully recognise the community's ongoing concerns about repeated incidents of irresponsible camping near residential properties. Given the understandable feelings of vulnerability and anxiety this has caused, we have advised residents not to engage directly with visitors and to report any threatening behaviour to Police Scotland." A representative from Police Scotland said: "We understand the impact anti-social behaviour and disorder has on the local community, and we would like to thank locals who continue to bring these incidents to our attention. Officers continue to work with local partners to address any concerns in the area, and where criminality is established, those responsible will be dealt with appropriately."
Daily Record
16 hours ago
- Daily Record
'Amazing' Sony headphones shoppers are calling 'best ever' cut by 45% to under £100
The Sony ULT WEAR headphones are now £99 on Amazon, down from £179, with deep bass, noise cancelling, and 30-hour battery life Whether commuting, working from home, or winding down with music, a good pair of headphones can transform the experience. With the right combination of sound quality, comfort, and smart features, some models stand out, especially when there's a significant discount involved. Sony's high-performance over-ear headphones have received a major discount, with many reviewers describing them as 'amazing' and even calling them the 'best ever'. The Sony ULT WEAR Over Ear Wireless Noise Cancelling Headphones are now available on Amazon for £99, down from their original retail price of £179, a saving of 45%. Finished in black, the headphones offer a premium listening experience packed with features including deep bass, advanced noise cancellation, and up to 30 hours of battery life. The headphones are powered by Sony's Integrated Processor V1 and 40mm driver units, designed to deliver what the company calls 'ULT POWER SOUND'. Users can adjust the bass through a dedicated button, which activates two sound modes: Deep Bass for extra low-end punch and Attack Bass for added energy. The result is a powerful, customisable sound profile particularly suited to bass lovers. Noise cancelling is handled by Sony's adaptive technology, with an ambient sound mode available for those who prefer to stay aware of their surroundings. For calls, the headphones use beam-forming microphones and precise voice pickup technology to ensure clear audio, even in noisy environments. Other features include multi-point Bluetooth pairing, support for Google Assistant and Alexa, and quick charging, with 1.5 hours of playback from just a three-minute top-up. The headphones are compatible with iOS and Android and come with a compact carry case. For those who want alternatives, Sennheiser's ACCENTUM Plus Wireless Headphones are currently £139, down from £199.99, while Soundcore's Space One model is £62.99 and offers adaptive noise cancelling and 40-hour battery life. But if it's Sony's rich bass, smart design, and strong feature set you're after, this deal on the ULT WEAR headphones is hard to ignore. With a current rating of 4.5 stars from more than 1,900 reviews, the Sony ULT WEAR has received widespread praise for its sound quality, comfort, and build. One reviewer wrote: 'Amazing headset… the bass is huge… They look and feel good and sound amazing, the best overhead earphones I've probably ever had.' Another said: 'Great sound… great battery life… another Sony winner.' Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Others praised the headset's premium feel, with one review stating: 'Extremely high value for money. The build quality is absolutely amazing and they come with so many features. Noise cancelling is absolutely fantastic.' However, a few users expressed concerns. One reviewer reported a crack forming on the side of the headphones after six months of regular use, suggesting they may not be the best choice for gym wear. Another wrote: 'Too much bass and not enough soundstage. Good noise cancelling and comfort, but not great for hearing background instruments.' The Sony ULT WEAR is currently available for £99 on Amazon, reduced from £179.
Daily Record
21 hours ago
- Daily Record
Real reason for hole in plane windows that's 'freaking out' passengers
Travel experts have explained the reason for the tiny holes. Have you ever been sitting on an aeroplane, excited for your holiday, only to feel a rush of panic after spotting a hole in your window? Over the years, travellers have been left confused about the purpose of the mysterious hole, with many claiming it 'freaks them out'. According to experts at Netflights, the small window hole is essential for a safe flight and is actually a very functional feature. Amanda Parker at Netflights said: "The small hole, known as the 'breathing hole' or 'bleed hole', is located in the centre panel. Although this hole may seem insignificant, its function is vital, as it lets the pressure between the passenger cabin and the centre panel equalise. "Aircraft windows are composed of three panes of acrylic glass: the outer pane, the centre pane, and the inner pane, which is the one that you can touch. "During flight, the pressure inside the cabin is maintained at a safe and comfortable level for passengers, while the pressure outside decreases dramatically as the aircraft climbs to cruising altitudes." Amanda said the hole actually regulates and balances the pressure between the outer panel and the centre panel. Without it, the pressure difference between the inside and outside of the aircraft could place excessive stress on the outer panels, increasing the risk of damage or, in the worst case, structural failure. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Benefits of the small aircraft hole according to Netflights Pressure regulation and balancing When the cabin begins to decrease in pressure, the small hole allows the pressure to be distributed evenly across the window panels. This protects the window, but also ensures that the outer pane takes the change in pressure, which protects the inner pane, which is the pane in contact with the passengers. Prevention of fogging and freezing. In addition to balancing pressure, these small holes in aircraft windows serve another crucial function, which is preventing the windows from fogging or freezing. At the altitudes at which commercial aircraft fly, outside temperatures can drop dramatically. Without the breather hole, the temperature difference between the warm interior and the cold exterior could cause moisture to condense on the glass and eventually freeze! Which is not what you would expect on an airplane. The small hole allows for a slight airflow between the panels, which helps prevent moisture build-up and ensures that the windows remain clear. This is especially important for passengers who enjoy looking out the window during flight, as well as for the crew in case of emergencies requiring outward visibility.
