Global investor Starwood Capital snaps up 175-bedroom hotel
THE Hilton Coylumbridge hotel in the Scottish Highlands has been sold to global investment firm Starwood Capital from an asking price of offers in excess of £8.75 million.
The deal, which was brokered by property firm Christie & Co, sees the US-based hotel investor take immediate ownership of the 175-bedroom site.
Situated on a “substantial estate” on the edge of the Cairngorms National Park, the Hilton Coylumbridge is said to be one of the region’s “most popular and consistently busy family resorts”, according to the selling agent.
Beyond its 175 bedrooms, the hotel comprises conference, function and leisure areas, including two heated indoor swimming pools, a soft play facility, 18-hole crazy golf course, 10-pin bowling, video game arcade and an American-themed diner.
Described by Christie & Co as “a highly profitable business”, the hotel is said to have attracted interest from both domestic and international investors before it was snapped up by the American firm.
Jeremy Jones of Christie & Co, which was acting on behalf of US retail estate investment trust, Park Hotels & Resorts, said: “I am delighted that the Hilton Coylumbridge has found a new owner in Starwood Capital – a truly global hotel owner.
“Since meeting the demands of the Cairngorm ski area, the hotel has developed into one of the region’s most popular and consistently busy family resorts.
“In addition to the beauty of the region, the hotel’s own extensive facilities ensure that guests can equally be entertained indoors as outdoors.
“Once again, the sale process proved that Scotland is a country with global investor appeal.”