Dunfermline hotel written off as worthless has been closed
Peel Hotels, the owners of the 48-bedroom hotel, said its performance had "been problematic for some years". In August 2018, the company effectively wrote it off as worthless; alternative uses were being explored, and the pandemic has now brought the story to an end. A statement from executive chairman Robert Peel said: "As shareholders will be aware, the performance of two of the company’s subsidiaries, operating hotels in Nottingham and Dunfermline, has been problematic for some years, resulting in the value of those investments having been recently written down to zero. "Those su...