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Scotland's Oldest Hotel Faces Financial Crisis
12 Aug
Summary
- Strathmore Hotels Ltd, operator of eight hotels, has entered administration.
- The Salutation Hotel in Perth, Scotland's oldest hotel, is among affected sites.
- All 410 employees will be retained during business review.
Strathmore Hotels Ltd, a company operating eight hotels including Scotland's "oldest established hotel," The Salutation Hotel in Perth, has entered administration. This move follows significant operating challenges faced by the company.
The eight affected hotels, which include sites in the Highlands, Argyll, and the north of England, will continue to trade. Importantly, all 410 employees have been retained as joint administrators explore options for the business's future.
The Salutation Hotel in Perth boasts a history dating back to a 17th Century coaching inn, with a reported room commandeered by Bonnie Prince Charlie in 1745. Despite its historical significance, the company has experienced sustained financial difficulties due to industry-wide headwinds.
Joint administrators from Interpath have been appointed and stated that it is "very much business as usual." They are addressing sustained creditor pressure and a winding-up petition that the company faced. Customers have been assured that all eight hotels remain operational.
