The Elite Ayrshire Business Circle

The Elite Ayrshire Business Circle

Wednesday, 7 November 2007

Westin Turnberry for sale ahead
of 2009 Open Golf Championship

TURNBERRY, the Ayrshire golf resort that will host the 2009 Open Championship, has been put up for sale by its American owners for up to £100 million.

Starwood Hotels & Resorts, which runs the 219-room resort under its luxury Westin brand, is seeking an outside investor to buy the property and fund a multimillion-pound development programme.

A spokeswoman confirmed: “In line with Starwood’s asset strategy, the Westin Turnberry Resort, Ayrshire, has taken the decision to source an investment partner to realise the development potential of the resort, where there is 300 acres of undeveloped land.”

The company said it had appointed Jones Lang LaSalle Hotels to handle the process, although any deal was dependent on Starwood being retained to manage the resort. It is understood to be willing to retain a minority stake. Starwood acquired the 800-acre resort ten years ago for about £32 million.

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