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Roxburghe Hotel and Golf Course has agreed terms for the transfer of ownership to Bespoke Hotels, taking over from Roxburghe Estate.
The completion of the sale is expected to take place at the end of July 2017.
The opportunity for expansion at the 22-room luxury hotel is “actively being considered”, as well as the development of self-catering lodges.
In 2010, planning consent was granted for 60 holiday lodges, a new clubhouse and conversion of the existing clubhouse to a 10 bedroom dormy house, all of which stood as a key factor in Bespoke’s strong interest and decision to acquire the business.
Haydn Fentum, founder and chief executive officer of Bespoke Hotels, said: “We are hugely excited by the potential of The Roxburghe and look forward to taking the business into a new era. We are keen to build on the excellent work done to date by both Roxburghe Estates and ICMI, which has given us an extremely sound platform on which to build.”
The Duke of Roxburghe added: “I am delighted that we have reached agreement with Bespoke, knowing that they have exciting plans for the future and will invest significantly in the business.
“We look forward seeing the Roxburghe grow in the years ahead under new ownership and achieving our long-term vision of a high-quality resort destination. We strongly believe the Roxburghe has a secure and successful future under Bespoke Hotels’ management.”
He added: “Although Inverlochy Castle Management International (ICMI) will not be continuing as managers, I am confident the professionalism, high standards and attention to detail for which the estate has become known will long be maintained into the future.”
