Monday, August 16, 2010

Two Scottish hotels for sale as PAG Hotels falls into administration

Following the news that PAG Hotels has been placed into administration by KPMG, two of its hotels are up for sale as fully operational businesses.


The 12-bedroom Castle Venlaw Hotel on the outskirts of Peebles has been put onto the market for offers over £795,000. The hotel, which first opened in 1949, was bought in September 2007 by PAG.

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