Thu, 19 Jun 2014 | COMMERCIAL PROPERTY
The famous Fairmont golf resort has been put up for sale with a price tag of more than £30 million.
The 502-acre site includes two golf courses as well as the illustrious St Andrews hotel and spa. It has been put on the commercial property market with CBRE Hotels by Ares Management, a New York-listed real estate and private equity firm, The Times reported this week.
The property, which originally went under the moniker, was built in 2001 by Don Panoz, an entrepreneur who is best known for developing the nicotine patch during his time working at Elan Corporation. He spent £56 million developing the resort before selling it on to Apollo Real Estate Advisors in 2006.
Apollo placed the management of the resort in the hands of Fairmont Hotels, the company which also operates the Savoy Hotel in London.
The news about the impending sale of the resort, which could reach a price of £35 million, follows the announcement that Donald Trump had bought the Turnberry Resort, on the Scottish west coast, for £35.7 million.
He has vowed to spend up to $200 million “bringing the hotel to the highest standards of luxury”.
Otherwise known as ‘the home of golf’, St Andrews has hosted The Open Championship, one of golf's four major tournaments, in its prestigious history.
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
This well-established haulage company in West Yorkshire offers a strategic location with easy access to major motorway links and a strong, loyal client base developed over 20 years.
This is a rare opportunity to acquire this thriving motor vehicle repair, MOT, and service centre. This professionally run business currently provides the majority of its services to private customers with a small amount of commercial work, which pro...
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
03
|
Apr
|
Co-owner buys up Hilton site | COMMERCIAL PROPERTY
One of the co-founders of the Splendid Hotel Group has perso...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.