From yesterday's Glasgow Herald (11/8):
That’s some course fee: £100m price tag for Turnberry golf resort
"Turnberry, the Scottish golf resort that will host the 2009 Open Championship, has been put up for sale for up to £100m by its American owners.
Starwood Hotels & Resorts, which runs the 219-room five-star hotel under its luxury Westin brand, is seeking an outside investor to buy the property and fund a multimillion-pound development programme." ...
"Starwood said that 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 also understood to be willing to retain a minority stake in the resort, which features two 18-hole courses, the Ailsa and Kintyre, as well as a nine-hole course, The Arran.
Westin's purchase of Turnberry in 1997 was followed by a £10m investment programme, which the owners claim has now placed Turnberry among an elite handful of the best golf resorts in the world."
for the complete story see:
http://www.theherald.co.uk/search/display.var.1817291.0.that
s_some_course_fee_100m_price_tag_for_turnberry_golf_resort.php
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