airmont announces Scotland property

Fairmont Hotels & Resorts has entered into an agreement to manage the St Andrews Bay Golf Resort & Spa in Scotland, owned by Apollo European Real Estate Fund. Fairmont will assume management of the 209-room resort on July 1 under a long-term management contract and the property will be reflagged early Autumn 2006. This latest acquisition expands the hotel company's European presence, joining The Savoy and the Fairmont Monte Carlo. Located two miles from the town of St Andrews and the venerated Old Course, the resort features five dining outlets, a 3,500 square foot spa and health club and two 18-hole golf courses. Within a short drive of are another ten golf courses.  Built in 2001, the property will be enhanced through a £10 million, multi-year refurbishment programme, with renovations to include guestrooms, public areas, meeting rooms and technology upgrades. Fairmont has also announced its first Asia property. The group - including Raffles Hotels & Resorts - will manage a resort complex of 1,500 rooms currently under development on the Cotai Strip in Macao.

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