Scotland's Storied Gleneagles Hotel Sold
According to Bloomberg Business, the 232-room the Gleneagles Hotel in Perth, Scotland, home of golf's 2014 Ryder Cup, has been sold by London-based distiller Diageo PLC for an undisclosed amount. The buyer is a group led by private-equity firm Ennismore Capital.
The property, opened in 1924, "is not a core business," said Diageo PLC in a statement; Diageo had owned the luxury golf resort since 1984. "It's a sensible bit of tidying up," Wyn Ellis, an analyst at Numis Securities, told Bloomberg Business.
The resort features four restaurants, including Andrew Fairlie at Gleneagles, which has garnered two Michelin stars; and three top-notch golf courses - the King's, the Queen's and the PGA Centenary - which draw players from around the world. The property also offers outdoor activities such as shooting, fishing, falconry, off-road driving and horseback riding. Indoors are four tennis courts and the Spa by ESPA, featuring a full menu of treatments.
Gleneagles' group offerings range from a ballroom that seats up to 260, and the Glendevon, which looks out over lawns and holds 100 for a dinner, to a number of unique spaces such as the Shooting Lodge, which holds 80 indoors and 200 outdoors, and the Cellars, which has private dining at the Sommelier's Table.