Gleneagles Hotel goes on the market

2015 02 Gleneaglesmain

• Ryder Cup venue put up for sale by owners Diageo
• Spokesman says there are 'numerous interested parties'

• Five-star Perthshire resort expected to sell for £200m

GLENEAGLES HOTEL

Just a matter of months after staging a hugely successful Ryder Cup, the Gleneagles Hotel is looking for a new owner.

The five-star Perthshire resort has gone on the market and is expected to sell for as much as £200m.

The 850-acre resort, which previously failed to sell in 1998 when offers failed to meet the expected £100m price tag, comprises a 232-bedroom hotel and three 18-hole golf courses, including the PGA Centenary Course, which staged last September’s match between Europe and the USA.

A spokesperson for current owners Diageo – which has operated the venue since 1984 – told the BBC: “Gleneagles is one of the UK’s finest luxury hotels and one of the world’s most fantastic golf resorts.

 "We have received numerous expressions of interest... particularly since the Ryder Cup." - Diageo spokesperson

“We are sure there are many people who would love to own Gleneagles and we 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.”

Property firm Jones Lang LaSalle have been appointed to find a buyer for the resort and it has been reported in some quarters that American private equity firm KSL Capital Partners – the owners of another Ryder Cup resort, The Belfry, near Birmingham – are interested in making an offer.



Based on the success of last year’s Ryder Cup, a new owner for Gleneagles won’t be hard to find.

The resort was universally praised for its broadly seamless staging of the contest, which was beamed into half a billion homes around the world via a huge network of TV broadcasters.

On top of that, over a quarter of a million people from 96 countries attended the match in person, as Paul McGinley inspired Europe to a third consecutive victory over the US.

Gleneagles :: Prospective buyers… watch this!

Ahead of last year’s Ryder Cup match, we went behind the scenes at Gleneagles to learn more about the resort. Check out our video here.

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