Gleneagles sees 4.7% increase in turnover

12 May 2017 by
Gleneagles sees 4.7% increase in turnover

The Gleneagles hotel in Auchterarder, Perthshire, has reported a 4.7% increase in turnover to £46.7m.

However, the five-red-AA-star, 232-bedroom hotel's pre-tax profit was down 7.4% from nearly £4m in 2015 to £3.7m, according to the hotel's annual report lodged at Companies House for the year ended 30 June 2016.

The hotel is currently undergoing a multi-million pound refurbishment, which so far has included a new-look Century Bar, a new Auchterarder 70 bar, and a £1.1m renovation of 35 bedrooms.

Private investment and property company Ennismore, which owns and operates the Hoxton group of hotels, acquired the hotel from drinks giant Diageo in 2015, for around £200m.

Ryder Cup boost pre-tax profits at Gleneagles >>

Gleneagles unveils multi-million pound refurbishment plan >>

Gleneagles sold to Hoxton owner >>

Videos from The Caterer archives

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking