Stranraer based hotel group, McMillan Hotels Ltd, has announced the sale of its luxury five-star hotel, Glenapp Castle, near Ballantrae.
The founders of the business, Hammy and Janet McMillan, are to retire after 53 years at the helm.
Glenapp was bought by Mr and Mrs Paul Szkiler, London based business people, and their company Truestone Ark Limited.
The jewel in the crown of the hotel group has been run by Graham and Fay Cowan for 15 years. Fay Cowan is a daughter of Hammy and Janet McMillian, who now intend to retire gradually over the course of this summer, with son Douglas McMillan being appointed Managing Director. The Cowans will now take up new roles within the family firm.
Graham and Fay Cowan said: “We have all given a lot of thought to the future of Glenapp, and our own futures and, although it wasn’t an easy decision, we concluded that our own futures should be within the wider family business.
“We are delighted to pass on Glenapp to the Szkilers and Truestone who we know will take great care of it and its staff, and will continue to operate the business to a very high standard.
“We expect the ownership transition to be very smooth, and of course all existing bookings will remain in place on the same terms.
“We wish the Szkilers, Truestone and our staff at Glenapp every success.”
Douglas McMillan said: “My parents have worked incredibly hard for very many years and the whole family wishes them a long and happy retirement, but it’s good to know they will be on hand to help and advise as they always have been.
“A succession from one generation to another is an exciting time for any company and the new head office team has many thoughts and ideas on how to take the business forward in the coming years.”