Bespoke Hotels is set to acquire the Roxburghe Hotel and Golf Course in Kelso on the Scottish Borders from the Duke of Roxburghe's Roxburghe Estates.
Completion of sale, for an undisclosed price, is expected to take place at the end of next month, when the 22-bedroom, four-AA-star country house hotel will join Bespoke's portfolio, which also includes the Chester Grosvenor and Storrs Hall in Cumbria, as well as Tulloch Castle, Dingwall and Stonefield Castle, Tarbert, both in Scotland.
The hotel signed a 15-year management contract with Inverlochy Castle Management International (ICMI) and Albert Roux just three years ago, however the Duke of Roxburghe confirmed ICMI will not be continuing as managers under the new ownership.
Bespoke is considering expanding the facilities and developing self-catering lodges. In 2010 planning consent was granted for 60 holiday lodges, a new clubhouse and conversion of the existing clubhouse to a 10-bedroom dormy house.
The Duke of Roxburghe said: "I am delighted that we have reached agreement with Bespoke, knowing that they have exciting plans for the future and will invest significantly in the business. We look forward seeing the Roxburghe grow in the years ahead under new ownership and achieving our long-term vision of a high-quality resort destination. We strongly believe the Roxburghe has a secure and successful future under Bespoke Hotels' management.
"It has given me enormous pride and satisfaction to see it develop successfully over the years, but it became clear that a new investor needed to come aboard for the Roxburghe to move to the next level and become a world class destination. We are therefore extremely pleased to hand over the business to such an experienced and committed operator as Bespoke."
Haydn Fentum, founder and chief executive officer of Bespoke Hotels, added: "We are hugely excited by the potential of the Roxburghe and look forward to taking the business into a new era. We are keen to build on the excellent work done to date by both Roxburghe Estates and ICMI, which has given us an extremely sound platform on which to build."
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