The family-owned Apex Hotels has made its second rural property acquisition with the purchase of Meldrum House Country Hotel and Golf Course in Aberdeenshire, the specifics of the transaction undisclosed.
Following its acquisition of Pine Trees hotel in Pitlochry in July of last year, the group intends to further expand its footprint in rural areas.
For over three decades, Meldrum House, a 13th-century manor house nestled within 250 acres of picturesque countryside, has been under the private ownership of Aberdeenshire businessmen Bob Edwards and Terry and David Buchan. The property boasts 51 bedrooms and holds a rich historical legacy.
In 2022, Meldrum House earned recognition for its outstanding marketing efforts, securing the prestigious Best Marketing Campaign Award at the Cateys.
Meldrum House Country Hotel marks the tenth addition to Apex's portfolio. This expansion comes on the heels of Apex securing a £60 million refinancing package in August, earmarked specifically to facilitate its expansion into rural destinations.
Following the sale, Jordan Charles will maintain his role as managing director, overseeing the day-to-day operations of Meldrum House.
Angela Vickers, chief executive officer of Apex Hotels, said: 'The acquisition of Meldrum House Country Hotel represents an opportunity to continue to diversify the Apex Hotels portfolio, giving our guests even more choice of a city or more relaxed rural option.
'This is an exciting time for Apex, and after getting to know the team at Meldrum House, it was clear they share the same vision and ambitions we have at Apex Hotels.
'Meldrum House will be one of our flagship hotels and we are delighted to be the next custodians of this historic property.'
Bob Edwards added: 'After 31 years of owning Meldrum House with David and Terry Buchan, it is the perfect time to hand over the reins for a new chapter, where the hotel and estate will become part of Apex Hotel's expanding portfolio.'
Scottish entrepreneur Norman Springford founded Apex Hotels and launched its first property, the Apex Grassmarket hotel in Edinburgh, in 1996.