Andy Murray’s luxurious £700-per-night lodge posts losses of virtually £400k for the second 12 months operating – after tennis legend purchased £2million property with spouse Kim
- Andy Murray’s award-winning hotel has posted eye-watering losses once again
- The former Wimbledon champion, 37, owns the business with his wife Kim
A hotel owned by Sir Andy Murray and his wife has posted eye-watering six-figure losses for the second consecutive year.
After a glittering career that saw him win three majors and become the first British man to be ranked world No 1 by the ATP, Murray retired from professional tennis at the 2024 Olympics in Paris.
The 37-year-old has kept himself busy since hanging up his racket, serving as long-time rival Novak Djokovic‘s coach and working on his business ventures outside of sport.
One of those ventures is Cromlix, a luxury hotel located near the area of Dunblane, where the two-time Olympic gold medallist and Wimbledon champion had grown up.
Murray and his wife Kim purchased the Victorian country house in 2012 for £1.8million and immediately set about renovating the hotel to its former glory.
Situated on 34 acres in the Stirlingshire countryside, the destination now boasts 10 bedrooms, five suites and a one-bedroom lodge, along with a private chapel, tennis court, pickleball court and an on-site restaurant.
A hotel owned by Andy Murray and his wife Kim has posted significant losses for the second year running
Cromlix, a luxury hotel situated in the Scottish countryside, lost £369,045 in the year leading up to March 31, 2024
The five-star hotel was named the best Scottish hotel at the AA Hospitality Awards last year
Cromlix has won a host of awards in recent years, including being named the best Scottish hotel at the AA Hospitality Awards in 2024.
However, despite the luxurious settings and pricey rooms – with stays often costing in excess of £700-per-night – the venture has proven to be a significantly costly one of late.
According to accounts available on Companies House, the company, Cromlix LLP, posted losses of £369,045 up until March 31, 2024.
Astonishingly, the eye-watering sum is actually an improvement on the previous year where losses totalled £919,572.
2022 marked the last time the five-star hotel posted a profit, which was listed at £416,442.
Meanwhile cash reserves have increased since the previous year’s filing, and currently stand at £242,535.
A one-night stay in one of Cromlix’s 67sm deluxe suites can cost upwards of £700 and promises ‘luxurious home comforts’.
The Cromlix website describes Kim, daughter of tennis coach Nigel Sears, as the ‘creative force behind the venture’ and notes that she ‘takes an active role in shaping the Cromlix experience’.
The Murrays recently teamed up with craft gin maker Wildfire Gin to make a signature spirit made from ingredients from around the Cromlix estate.
A one-night stay in one of Cromlix’s 67sm deluxe suites can cost upwards of £700 and promises ‘luxurious home comforts’
The Murrays spent £1.8million to purchase the Victorian mansion in 2013 before undergoing significant renovations
In addition to the accommodation, guests can also enjoy an on-site tennis court and restaurant headed by an award-winning chef
Speaking following the release of Cromlix Gin, Kim detailed her pride in the product they had produced.
She said: ‘I have to admit I really enjoyed the blind tasting stage of this process and I’m so pleased with the end product.
‘The bottle is a work of art and the new ‘Perfect Serve’ cocktail is top of my list to try on my next visit.’
When contacted by Mail Sport for comment, Cromlix said: ‘Cromlix had another exceptional twelve months in 2024 following the hotel’s total refurbishment the previous year. The hotel continues to enjoy high occupancy rates throughout the year and a busy restaurant and events business.
‘Cromlix was also the recipient of a number of high profile accolades including a MICHELIN key (MICHELIN Guide 2024), AA Hotel of the Year Scotland 2024 and Independent Hotel of the Year in the Scottish Excellence Awards 2024.
‘There has been continued investment throughout 2024 which will not only drive continued growth of the business, but future-proof it as it expands against the many challenges facing the hospitality industry.’
