Scottish National Investment Bank supports investment in Highland Coast hotels
Monday, January 24, 2022
The Scottish National Investment Bank has invested £4.45 million in Highland Coast hotels to help promote more sustainable and community-led welcomed travellers along the North Coast 500 tourist route.
The loan will be available to finance the modernisation of the Royal Golf Hotel in Dornoch, the Royal Marine Hotel in Brora, Newton Lodge in Unapool and Kylesku Hotel in Kylesku.
Noting that the loan will support investment in the four hotels, the SNIB said the financing would help create up to 40 full-time full-time jobs "within the local area through supply-chain investment" at Highland shoreline hotels.
It will be reimbursed by Highland Coast Hotels revenue. Eilidh Mactaggart, chief executive, Scotland 'Our investment will support a vital industry for the Highlands whilst securing quality employment, educational and training opportunities in rural communities.