Fairmont St Andrews sold for £32m

Fairmont St Andrews hotel in Scotland has been acquired by an American property fund for £32.4m

Fairmont St Andrews sold for £32m
Fairmont St Andrews sold for £32m

The Fairmont St Andrews conference hotel has been bought by Kennedy Wilson Europe Real Estate from SABD Holding.

The 209-room hotel will continue to be operated by Fairmont Hotels and Resorts until 2031 under a management agreement.

Kennedy Wilson Europe said it had identified several options for improving the hotel, including a possible upgrade to the club house.

The deal is Kennedy Wilson Europe's second luxury hotel purchase this year, following the £23.9m acquisition of Dublin’s Portmarnock Hotel in June.

Fairmont St Andrews has two 18-hole golf courses, two four-bed manor houses, spa, and 15,000 sq ft of flexible meeting space.

More: Donald Trump purchases Turnberry golf resort

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