A castle in Scotland's Highlands is back on the market after plans to create the “most desirable luxury hotel in Scotland” fell through, the Press and Journal is reporting.
Last year, a wealthy developer pledged to invest millions to create a five-star hotel and restaurant in Carbisdale Castle near Bonar Bridge. But over the weekend, the building’s owners--the Scottish Youth Hostel Association--confirmed that the deal with Aberdeen Capital had ended over “growing concerns” that the sale would be completed. A spokesman for SYHA Hostelling Scotland told the paper that the Association had eased negotiations with Aberdeen Capital, which had pledged an initial investment of £6.5 million with a total investment of £15 million planned. As such, the castle--the last to be built in Scotland--is once again up for grabs.
Aberdeen Capital was not named when the plans for Carbisdale were revealed last year and did not release any statement regarding their collapse.
Source: The Press & Journal
Photo courtesy Malc McDonald, via Wikimedia Commons