Landmark Kirkcaldy hotel in new hands after 850k sale

A landmark hotel that was once the home of a celebrated furniture manufacturer has been sold after 30 years of family ownership.

Tuesday, 17th May 2016, 10:49 am
Updated Tuesday, 17th May 2016, 12:27 pm
The Victoria Hotel was out on the market last year for offers over £1 million

The Victoria Hotel in Kirkcaldy, which was owned by the Caira family, has been purchased by Dunfermline-based City Hotels which also owns the Styx Club next door.

The purchase price for the hotel - which was originally put on the market last year for £1 million - was not disclosed but sellers Colliers International confirmed it was close to a reduced asking price of “offers around £850,000”.

The Victoria Hotel - which was converted in 1948 and subsequently extended - has 21 bedrooms, a lounge bar, two dining rooms and a function room, alongside a large private car park.

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Alistair Letham, a director at Colliers International, said: “The Victoria Hotel is a fine and imposing property – originally created from the family home of A.H. McIntosh, the Kirkcaldy based furniture manufacturer – and has proved a popular local hotel venue.

“It was purchased by the sellers in 2008, from a family member, so the hotel has effectively been in the same family’s hands for over 30 years.

“However, a change in family circumstances and the need to concentrate on other business interests necessitated the sale.

He added: “Its purchase by City Hotels means it will be an excellent complement to a strong portfolio.”