General HIE news

Hotel opportunity at Inverness Campus

Developers are being invited to register their interest in developing a hotel at Inverness Campus.

Campus owner, Highlands and Islands Enterprise (HIE), is promoting a site of around three acres for the development of a business-class hotel with around 120 bedrooms, meeting rooms, bistro, bar and lounge.

Inverness Campus is already home to several public and private sector organisations, including Inverness College UHI, Scotland’s Rural College, Scottish Vet Referrals, Corporate Health International and Aqua Pharma.

There are more than 600 people working there and this figure is expected to rise to around 1300 within five years.

Improved access to leisure, restaurant, café and bar facilities will further enhance the appeal of the Campus to employees, students, visitors and local people. It will also make the site more attractive to potential investors and continue the growth of the commercial sector within the Campus.

Demand for hotel accommodation in Inverness is strong, with revenue per available room growing by 40% between 2012 and 2016 compared to the national average of 27%.

Earlier this year the city topped the Colliers Scottish Hotel Index, with strong levels of demand, high occupancy rates and low development costs.

Inverness Campus is one of Scotland’s most ambitious projects. The development is designed to provide a range of academic, research and commercial opportunities, with an emphasis on the life sciences sector.

The provision of a quality hotel and associated facilities is seen as an essential element of the 215-acre development.

Ruaraidh MacNeil, HIE’s Inverness Campus project director, said:

“We have been exploring options for a hotel development on Inverness Campus for a number of years now, and are delighted to be able to present this opportunity to the market.

“We are looking for a hotel developer who will embrace the collaborative ethos of the Campus, support local supply chain companies and provide employment and training opportunities, particularly for young or disadvantaged people.”

Commercial real estate firm, GVA, is marketing the hotel site on behalf of HIE and is inviting registers of interest from developers by Friday 17 November. The contact is Ian Derrick on 0131 469 6028 or .

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