Losses narrow at Cameron House following hotel reopening
Cameron House in Loch Lomond has reported narrowed losses following the reopening of the resort hotel last year.
Documents filed for CMH Investment (UK), which owns and manages the freehold to the hotel and provides timeshare facilities in the Cameron House club lodges, detail how turnover increased from £6m in 2020 to £13m last year, narrowing pre-tax losses from £11.6m to £8.9m.
The accounts said COP26 in Glasgow in November "contributed to a strong average room rate", however Omicron disruption around the key festive period delayed the reopening and reduced footfall.
The hotel closed in 2017 following a fatal fire which destroyed a portion of the hotel and claimed the lives of two guests. The blaze began when night porter Christopher O'Malley emptied ash and embers from a fuel fire into a plastic bag, and then put it in a cupboard full of kindling and newspapers. O'Malley was sentenced and the hotel fined £500,000 over the fire. An inquiry heard last month that the hotel had not carried out practice fire drills at night.
The property is owned by American private equity firm KSL Capital Partners, having been acquired from the QHotels portfolio owned by Sankaty Advisors and Canyon Partners in November 2015.
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