Punch pledges £3 million investment in Scottish estate

 

Pub and hotel operator Punch, which owns a number of venues across the east of Scotland, has announced plans to invest more than £3 million in its Scottish estate over the next 12 months.
The investments, which will span a number of developments across Scotland, are likely to create circa 250 new jobs across its leased & tenanted pubs, bars, restaurants and hotels.
Operations director Brian Davidson said: “We have over 200 sites in Scotland and are committed to working in partnership with our publicans to build a flourishing pub and hotel estate. Scotland boasts a wealth of talented entrepreneurs who are looking to develop their own business, and we can offer a range of quality sites together with the backing and support of a major national operator.”
Over recent months, Punch has invested £500k in developing the 16 bedroom Crown Hotel in Stornoway and £1 million in the 24 bedroom Portree Hotel on the Isle of Skye. Both venues are finalists in the Scottish Hotel Awards 2016.
During 2016, the company plans to further develop key hotel sites in the North, Central Belt and Borders along with a number of pub sites throughout Scotland.
Davidson added: “Tourism and the economy in Scotland are particularly buoyant and we have seen a growing demand for good quality hotel accommodation coupled with traditional Scottish hospitality.
“Our hotels and pubs are all in prime locations and refurbishment schemes have been designed to make the most of the site’s heritage whilst celebrating locally sourced food and drink. From traditional wet-led sites to award winning gastro pubs, our Scottish estate has it all.
Punch is currently looking for publicans and hoteliers to run refurbished sites across Scotland.
Davidson said: “We have some great pubs and hotels coming up for lease that need strong local entrepreneurs to run them. As part of our support package, we will work closely with them to develop their business plan, making this a great opportunity for the right candidates to take the lead on running their own invested site.
One opportunity is Lauders, a thriving community pub in Dunfermline in which Punch says it will consider a significant investment to include internal and external decoration for the right operator.
Interested candidates should apply to Sandi.Bellinger@PunchTaverns.com