Menu
01/07/2015
Diageo Announces Sale Of Gleneagles Hotel
Drinks company Diageo has announced the sale of the Gleneagles Hotel in Scotland.
The hotel and golf resort was purchased by Ennismore, a private investment company which owns a small Hoxton chain of boutique hotels.
Gleneagles was originally opened in 1924 and has been owned by Diageo since 1984.
The most recently published Gleneagles accounts show a turnover of over £43 million and an operating profit of £2.6 million.
The hotel hosted the Ryder Cup last September and a G8 summit ten years ago.
Ivan Menezes, Diageo Chief Executive, said: "Diageo is proud to have been the owner of Gleneagles but the hotel is not a core business for us and therefore following the success of the Ryder Cup we feel this is an appropriate time to realise value through this transaction."
(LM)
The hotel and golf resort was purchased by Ennismore, a private investment company which owns a small Hoxton chain of boutique hotels.
Gleneagles was originally opened in 1924 and has been owned by Diageo since 1984.
The most recently published Gleneagles accounts show a turnover of over £43 million and an operating profit of £2.6 million.
The hotel hosted the Ryder Cup last September and a G8 summit ten years ago.
Ivan Menezes, Diageo Chief Executive, said: "Diageo is proud to have been the owner of Gleneagles but the hotel is not a core business for us and therefore following the success of the Ryder Cup we feel this is an appropriate time to realise value through this transaction."
(LM)
Related UK National News Stories
Click here for the latest headlines.
18 February 2015
Gleneagles Object To T In The Park
The Gleneagles Hotel has lodged a formal objection against the staging of a T in the Park event at Strathallan Castle. The objection concerns noise and traffic levels at the Castle during any proposed festivals. It is understood that the festival site and the hotel are approximately 12.
Gleneagles Object To T In The Park
The Gleneagles Hotel has lodged a formal objection against the staging of a T in the Park event at Strathallan Castle. The objection concerns noise and traffic levels at the Castle during any proposed festivals. It is understood that the festival site and the hotel are approximately 12.
06 July 2005
Protestors march to Gleneagles
Protestors participating in the march to the G8 summit have broken away from the agreed route, it has been reported. Some demonstrators managed to walk through a field and approach the steel security fence surrounding the five-star Gleneagles hotel, where G8 leaders, including Tony Blair and US President George W. Bush, are meeting.
Protestors march to Gleneagles
Protestors participating in the march to the G8 summit have broken away from the agreed route, it has been reported. Some demonstrators managed to walk through a field and approach the steel security fence surrounding the five-star Gleneagles hotel, where G8 leaders, including Tony Blair and US President George W. Bush, are meeting.
07 June 2005
Bush to offer $674 million for famine relief
US President George Bush is expected to announce $674 million for famine relief when he meets with Prime Minister Tony Blair later today. President Bush has also announced that $1.4 billion had been given to address emergency needs, which had been requested by the United Nations.
Bush to offer $674 million for famine relief
US President George Bush is expected to announce $674 million for famine relief when he meets with Prime Minister Tony Blair later today. President Bush has also announced that $1.4 billion had been given to address emergency needs, which had been requested by the United Nations.
21 October 2014
Inverness Brewery Plans Rejected
Plans to construct a new brewery in Inverness have been rejected by Councillors. The proposals by the owners of Glen Mhor Hotel wanted to demolish a bar to allow the development to be created as part of the existing building.
Inverness Brewery Plans Rejected
Plans to construct a new brewery in Inverness have been rejected by Councillors. The proposals by the owners of Glen Mhor Hotel wanted to demolish a bar to allow the development to be created as part of the existing building.
02 November 2010
UK Hotels Aim For Design Awards
The European Hotel Design Awards returns this month, again celebrating hotel design across Europe. The impressive hotels shortlisted for this year's awards come from all over Europe, including Ireland, Scotland, Denmark, England, Germany, Greece, Italy, Portugal and Sweden.
UK Hotels Aim For Design Awards
The European Hotel Design Awards returns this month, again celebrating hotel design across Europe. The impressive hotels shortlisted for this year's awards come from all over Europe, including Ireland, Scotland, Denmark, England, Germany, Greece, Italy, Portugal and Sweden.
-
Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
