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The Roxburghe Hotel & Golf Course, near Kelso in the Scottish Borders, has been sold to Germany-based investors and hotel operators 12.18. Investment Management GmbH.
The group plans to reopen the hotel and golf course in 2019 following a £30m refurbishment programme that will see the hotel operate under the name Schloss Roxburghe.
The 19th Century property currently features 22 rooms, a restaurant and bar that 12.18. aims to enhance with the addition of a separate extension to feature 57 additional rooms.
The duke of Roxburghe said: “The plans which the new owners have for major investment in the Roxburghe are very exciting indeed. We wish 12.18. every success with the new development and the operation in future and I have no doubt that it will become one of the most outstanding resort destinations in Scotland.
“I would like to pay particular thanks to all the staff who have worked with great dedication to deliver exceptional standards of service to our guests over the years.”
Steven Fyfe, associate director in the hotels agency team at Savills, added: “It was important we secured a buyer who could invest in the future of the hotel and golf course while respecting and maintaining the Roxburghe’s Scottish heritage.”
