Gleneagles Hotel up for sale for £200m asking price

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The famous Gleneagles Hotel in Scotland is to put up for sale after owner Diageo revealed that potential buyers had shown significant interest after last year’s successful Ryder Cup tournament was held at the resort.

The 232-bedroom luxury hotel in Perthshire, which is home to three golf courses, could sell for more than £200 million.

Current owners Diageo, who do not have any other hotels, bought Gleneagles in 1984, three years after it was sold by British Rail.

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Diageo attempted to sell the 850-acre site in 1998, but failed to settle on an appropriate offer.

Property firm Jones Lang LaSalle has now been drafted in by Diageo to seek potential buyers.

US private equity firm KSL Capital Partners, which owns another Ryder Cup venue the Belfry, near Birmingham, is reported to be interested.

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