The Kinnettles Hotel, on North Street in the Fife seaside town, welcomed visitors from all around the world before it fell into the hands of administrators.
Designed by architects J. Hall and D. Henry in 1879, the building underwent a major overhaul in 2017 and since then has offered 15 luxury rooms and a spa.
However, all 12 employees at the business were made redundant after administrators were appointed to Kinnettles Hotel Limited at the end of last month, according to The Courier.
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The newspaper also reported that the connected events venues Kinnettles Mansion, in Fife, and Kinnettles Castle, near Forfar, have also gone bust.
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