Golf resort deal
Chicago investor acquires Troon’s Marine Hotel
Marine Hotel: overlooks Open golf course
A Chicago-based real estate developer has bought its third Scottish golf property – the Marine Hotel in Troon – with plans to renovate and reopen it as part of the new Marine & Lawn Collection launching in 2021.
Adventurous Journeys Capital Partners will add the 89-bed hotel positioned along the Ayrshire Coast to a growing portfolio which includes Rusacks St Andrews and the Marine North Berwick.
Ben Weprin, AJ Capital Partners founder and CEO, said: “Our background is rooted in restoring iconic community landmarks and creating distinctive spaces for both locals and travellers alike.”
Former owner, Cannock Group and Stellar Asset Management, began renovating the hotel in the spring this year and these updates will be continued by AJ Capital.