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Gleneagles Hotel and golf resort on the market for £200m
POSTED 05 Feb 2015 . BY Jak Phillips
The 850-acre site features a 232-bedroom hotel and three golf courses Credit: Cornfield / Shutterstock.com
Gleneagles Hotel, the scene of Europe’s famous triumph in the 2014 Ryder Cup, has been put on the market and is expected to fetch around £200m (US$305m, €266m).

Drinks giant Diageo, which owns the Gleneagles Hotel and the 850-acre site’s three golf courses, has indicated that there have been “numerous expressions of interest”. Jones Lang LaSalle has been brought in to find buyers for the property in Perthshire, Scotland, which Diageo also tried to sell in 1998 but was unable to find a taker for the £100m (US$152.5m, €133m) price tag.

Diageo is understood to be considering several offers at this point, with the property’s profile having enjoyed a significant boost from the staging of the Ryder Cup in September.

"Gleneagles is one of the UK's finest luxury hotels and one of the world's most fantastic golf resorts,” said a Diageo spokesperson.

"We are sure there are many people who would love to own Gleneagles and have received numerous expressions of interest over the years and particularly since the Ryder Cup.

"As you would expect we have a duty to consider such interest carefully."

The 232-bedroom property also received a £5m refurbishment last year, which saw London-based interior designers Sedley Place oversee installation of a new reception with a viewing gallery, waiting area and dry/wet stairs to allow swimmers and gym users to remain separated. The former lap pool was also transformed into an adult zone with the latest heat experiences including a spa pool, sauna, steamroom and heated loungers. The existing leisure pool was also completely remodelled, with a waterfall feature, bubble jet crossing and bubble pool.
RELATED STORIES
  Ryder Cup invests in RFID fan technology


Fans attending The 2014 Ryder Cup in Gleneagles, Scotland next month are set to enjoy one of the most technologically advanced golf events in history, thanks to the use of Radio Frequency Identification (RFID) technology.
  Scotland hopes stellar year of sport can maintain tourism gains


Major international events such as the Commonwealth Games in Glasgow and the Ryder Cup at Gleneagles are expected to help Scotland maintain the strong tourism results that have seen it outperform the rest of the UK over the last year.
  Gleneagles Hotel reopens leisure complex following £5m upgrade


The Gleneagles Hotel has announced the re-opening of The Club following £5m of investment and 12 months work.
  Gleneagles golf and spa resort experiences flat profits


Gleneagles has reported flat before-tax profit for its financial year to the end of June 2012, due to costs related to preparations for the Ryder Cup in 2014.
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NEWS
Gleneagles Hotel and golf resort on the market for £200m
POSTED 05 Feb 2015 . BY Jak Phillips
The 850-acre site features a 232-bedroom hotel and three golf courses Credit: Cornfield / Shutterstock.com
Gleneagles Hotel, the scene of Europe’s famous triumph in the 2014 Ryder Cup, has been put on the market and is expected to fetch around £200m (US$305m, €266m).

Drinks giant Diageo, which owns the Gleneagles Hotel and the 850-acre site’s three golf courses, has indicated that there have been “numerous expressions of interest”. Jones Lang LaSalle has been brought in to find buyers for the property in Perthshire, Scotland, which Diageo also tried to sell in 1998 but was unable to find a taker for the £100m (US$152.5m, €133m) price tag.

Diageo is understood to be considering several offers at this point, with the property’s profile having enjoyed a significant boost from the staging of the Ryder Cup in September.

"Gleneagles is one of the UK's finest luxury hotels and one of the world's most fantastic golf resorts,” said a Diageo spokesperson.

"We are sure there are many people who would love to own Gleneagles and have received numerous expressions of interest over the years and particularly since the Ryder Cup.

"As you would expect we have a duty to consider such interest carefully."

The 232-bedroom property also received a £5m refurbishment last year, which saw London-based interior designers Sedley Place oversee installation of a new reception with a viewing gallery, waiting area and dry/wet stairs to allow swimmers and gym users to remain separated. The former lap pool was also transformed into an adult zone with the latest heat experiences including a spa pool, sauna, steamroom and heated loungers. The existing leisure pool was also completely remodelled, with a waterfall feature, bubble jet crossing and bubble pool.
RELATED STORIES
Ryder Cup invests in RFID fan technology


Fans attending The 2014 Ryder Cup in Gleneagles, Scotland next month are set to enjoy one of the most technologically advanced golf events in history, thanks to the use of Radio Frequency Identification (RFID) technology.
Scotland hopes stellar year of sport can maintain tourism gains


Major international events such as the Commonwealth Games in Glasgow and the Ryder Cup at Gleneagles are expected to help Scotland maintain the strong tourism results that have seen it outperform the rest of the UK over the last year.
Gleneagles Hotel reopens leisure complex following £5m upgrade


The Gleneagles Hotel has announced the re-opening of The Club following £5m of investment and 12 months work.
Gleneagles golf and spa resort experiences flat profits


Gleneagles has reported flat before-tax profit for its financial year to the end of June 2012, due to costs related to preparations for the Ryder Cup in 2014.
MORE NEWS
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024
The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant restoration and redevelopment project.
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma
High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River.
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom
Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure destination in Saudi Arabia.
Bannatyne has bounced back from the pandemic
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results.
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At Myndstream, we understand the power of music elevates the spa experience. But did you know it can also be a powerful revenue generator? [more...]

Discover Comfort Zone’s Stand For Regeneration campaign
Comfort Zone's latest initiative, the Stand for Regeneration campaign, consolidates its position as a pioneer in the cosmetics business. [more...]
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WDT Werner Dosiertechnik GmbH & Co. KG

WDT was founded by Dietmar Werner in 1985. He invented a dosing system for calcium hypochlorite for [more...]
+ More profiles  
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+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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