Apex Hotels acquires Meldrum House Hotel
Apex Hotels said the purchase of Meldrum House demonstrates the group’s continued strategy to grow and diversify its portfolio with new hotels in rural locations
Family-owned Apex Hotels has completed the acquisition of Meldrum House Country Hotel and Golf Course in Aberdeenshire for an undisclosed sum.
This is the group’s second rural property following the purchase of Pine Trees in July 2023 and is the 10th hotel within its UK wide portfolio.
Meldrum House is a 51 bedroom four-star country house hotel comprising a 13th Century manor house and golf course, set in 250 acres of Aberdeenshire countryside. Privately owned by Aberdeenshire businessmen Bob Edwards, Terry and David Buchan, the hotel has won a range of prestigious awards including The Times’ Top 100 UK Hotels and Best Hotel at Visit Scotland’s Scottish Thistle Awards.
Apex Hotels said the purchase of Meldrum House demonstrates the group’s continued strategy to grow and diversify its portfolio with new hotels in rural locations. The acquisition follows another strong financial year for the group, supported by a £60m refinancing package with Barclays.
Apex Hotels CEO Angela Vickers 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.”
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. As a family owned and run business, we are delighted that the Springford family have the same principles and passion for what we have created and together with Dave and Terry Buchan, I wish them the very best for the next 30 years of Meldrum.”
Jordan Charles will continue to lead the team at Meldrum House. He concluded: “This is a great opportunity for our team to join the Apex Hotels group, and I look forward to helping them drive the business forward.”
