A Dubai sovereign wealth fund has bought the Turnberry golf resort for £55 million. The Ayrshire based golf course is the venue for next year’s Open Championship, the fourth time it has hosted the event, including Jack Nicklaus and Tom Watson’s famous ‘Duel in the Sun’ in 1977. Turnberry has an array of golfing facilities, with two 18 hole Championship courses – the Ailsa and the Kintyre – as well as the Colin Montgomerie Links Golf Academy and a nine hole course.
The course was previously owned by Starwood, one of the biggest hotel and leisure businesses in the world, but has now been bought by Leisurecorp, a subsidiary of the Dubai World fund. Once completed by the end of October, it will become Leisurecorp’s first golf deal in the UK, though they have previously acquired golf courses in Dubai and South Africa . The company have declared their intention to redevelop Turnberry’s 219 room hotel prior to next year’s Open.
Leisurecorp have attracted media attention recently following the establishment of their partnership with the European Tour which will see the traditional European Tour Order of Merit replaced with the Race to Dubai this November.
|
|
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
||||||||||||
|
Leisurecorp Buy Turnberry Golf Course for GBP55 Million Fri, 23 May 2008 Recommended linksTop Sportswear RetailersPlay at a Top Golf Course Sports Bookies Take Part in Golf Tournaments Fancy a Golfing Holiday? Boat Lands on Golf Course Turkey to Build 100 New Golf Courses
|
|
||||||||||
Copyright 1996-2008 Sitefinders Net Ltd
|
||||||||||||
