THE King Malcolm Hotel in Dunfermline has been closed for good.

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 subsidiaries have continued to trade at a loss despite the best efforts of management and staff and, when combined with the impact of COVID-19, has led the board of directors of those two subsidiaries to sadly decide that there is no alternative but to now put those subsidiaries into liquidation."

As well as 48 bedrooms, the King Malcolm had facilities for conferences, business seminars and function rooms for weddings and other celebrations.

Located at the entrance to Pitcorthie, it had long been a popular venue in Dunfermline for various social and workplace gatherings and parties.

Peel Hotels said there had been “persistent problems in regard to the cost base” and the decision to write off the hotel, and the sister hotel in Nottingham, had led to a hit of £1.16 million in its accounts.