The Bauhaus Hotel in Aberdeen has been put on the market for £1.4m by the same agent selling the Aberdeen Northern Hotel.
Colliers International is marketing both hotels and has recently reduced the asking price for Aberdeen Northern Hotel to offers over £1m.
The Bauhaus Hotel is a modern, budget yet boutique style venture and is located on Langstane Place, parallel with Aberdeen’s Union Street.
Alistair Letham, a director in the UK hotels agency team at Colliers International, commented: “The changes to business trading, as a result of the fall in oil prices, and the effect it has had on hotel businesses in Aberdeen, has been well documented. However, recent indications suggest that hotel businesses are experiencing increased occupancy which is an encouraging sign.
“Undoubtedly, now is a good time to buy/invest into the hotel sector in Aberdeen, where experienced operators will see trade only going one-way; upwards.”
Aberdeen's Northern Hotel is a listed Art Deco landmark. Built in 1938, it sits in an imposing corner location on the northern side of Aberdeen, where its distinctive V-plan layout and bold curved angles make it a striking and memorable feature of the city. The 32-bedroom hotel remains a thriving business and is considered an outstanding example of the Art Deco style of architecture. It enjoys Historic Scotland's Category A listed building status.
As well as 32 bedrooms, sleeping 61, the hotel boasts restaurants, bars, dining and conference facilities, which make use of the unusual rounded Art Deco lines of the building. Its Mackenzie room and Ballroom combine to form a cinema-style curving function suite, capable of accommodating 200 people.
The Bauhaus Hotel is part new-build and part converted and has its principal accommodation over six main levels. This includes a restaurant, lounge bar and meeting facilities, as well as 39 en-suite letting bedrooms, to sleep 78.