Belfry owner to make £150m bid for Gleneagles

KSL Capital Partners, which owns the Belfry, is expected to make a £150m bid for Perthshire golf resort Gleneagles.

Gleneagles, Perthshire
Gleneagles, Perthshire

The US-based private equity firm is one of two remaining bidders for Gleneagles, according to Sky News. 

Drinks group Diageo, which owns Gleneagles and put it up for sale in February this year, has received two firm proposals to buy the site in the last few weeks, though the identity of the other bidder is unknown.

KSL is looking to buy Gleaneagles while at the same time trying to offload its Malmaison and Hotel du Vin chains, which it put up for sale for around £350m in January, having only acquired the chains in March 2013.

More:

 Gleneagles confirms Arena opening date

Four Seasons launches 'exceptionally luxurious' private jet

European hotels make comeback in 2014

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