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£70m for golf resort

Cameron House sold for second time in a year

Cameron HouseCameron House, the 132-bedroom golf hotel on the banks of Loch Lomond, has been sold for £70 million to American private equity firm KSL Capital Partners, owner of the Belfry.

It is the second time it has been sold in a year after changing hands as part of the six-strong De Vere Hotels portfolio to a joint venture between Sankaty Advisors and Canyon Partners, the owner of QHotels.

The joint venture, operating as Devonshire Point Partnership, decided in March to put the 27 QHotels on the market. It was later decided to sell Cameron House separately.

KSL, which also owns the 22-strong Village Urban Resorts, sold Malmaison and Hotel du Vin in June for £363.5m, after buying them two years earlier for around £200m.

Cameron House has two golf courses, a spa and 184 timeshare lodges. It is the second major resort hotel in Scotland to be sold this year following the Diageo’s decision in June to offload Gleneagles to Ennismore, for around £200m.

CBRE Hotels advised on the sale of Cameron House.

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