One of Scotland’s most iconic hotels has been sold in a multi-million pound deal that sees The Hotel Collection hand over the reins to ambitious new owners.
The Marine Hotel is located on the edge of the 18th hold of the Royal Troon Golf Course, which will host next year’s Open Golf Championship, and has been purchased in a joint venture between Cannock Investments and Hetherley Capital Partners.
The four-star 89-bedroom hotel was sold in a deal brokered by Julian Troup, head of UK hotels agency and Alistair Letham, hotels director of Colliers International on behalf of The Hotel Collection with a £7m guide price.
Julian Troup, head of UK hotels agency at Colliers International, said: “It has been a privilege to act on the sale of such a world-renowned property. As we expected, it attracted a huge amount of interest from both UK and international buyers when it hit the market. Its iconic position overlooking the 18th hole of Royal Troon Golf Course makes it truly unique and I’ve no doubt the new owners will have ambitious plans for The Marine.”
Speaking on behalf of the partnership, Charles Scudamore, principal of Hetherley Capital Partners, added: “We recognise the hotel needs investment to restore its former glory and we are committed to conducting those works as sympathetically as possible. 2016 is obviously a big year for the hotel and for the town of Troon itself and we look forward to playing our part.”