Gleneagles Hotel and golf resort on the market for £200m
by Jak Phillips | 05 Feb 2015
The 850-acre site features a 232-bedroom hotel and three golf courses / 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.
28 Aug 2014
Ryder Cup invests in RFID fan technology
24 Jun 2014
Scotland hopes stellar year of sport can maintain tourism gains
10 Feb 2014
Gleneagles Hotel reopens leisure complex following £5m upgrade
15 Apr 2013
Gleneagles golf and spa resort experiences flat profits
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
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