Apex Hotels has made the top 100 Scottish companies list in Grant Thornton’s Scotland Limited report for 2024. The move follows a strong financial year for the hotel group following a period of exceptional growth, as demand from both business and leisure guests continues to build.

The Hotel group is in good company as the report shows that Scotland’s top 100 private limited companies make reported revenue of £40 billion, EBITDA of £7 billion and employ 136,000 people.

Following the sale of Apex London Wall Hotel and a five-year refinancing deal with Barclays worth over £60m, the group is on the acquisition trail, purchasing two rural properties this year, Pitlochry’s Pine Trees Hotel – back in July 2023 – and the beautiful Meldrum House Country Hotel and Golf Course in April 2024. The acquisitions are part of an ambitious expansion plan targeting popular UK destinations.

Apex Hotels, Chief Executive, Angela Vickers said: “This year we have built upon strong foundations, with a renewed confidence in the market as demand from our UK and international guests returns.

Our ambitious acquisition strategy will help diversify and expand our portfolio, delivering more choice through a wider range of destinations for our guests.

This year we have successfully matched revenue and occupancy growth with a healthy profit margin, allowing us to sustainably re-invest in the business and our people. This includes doubling down on our effort to build a sustainable, community focused organisation through our ESG strategy.”