Search
The Caterer

Gleneagles sees turnover grow as refurbishment continues

20 May 2019 by
Gleneagles sees turnover grow as refurbishment continues

The Gleneagles hotel in Auchterarder, Perthshire, saw turnover grow in 2018, as it continued a multimillion-pound refurbishment programme.

The five-red-AA-star, 232-bedroom hotel, which was acquired by Ennismore in 2015, saw turnover reach £55.3m in the 12 months to 31 December 2019, up from £51.2m in 2017.

Operating profits grew from £2.5m to £3.5m, but pre-tax profits fell from £505,000 in 2017 to £55,000 last year.

The performance was described within documents filed with Companies House as "in line with expectations".

The refurbishment programme recently saw new event and meeting spaces unveiled. The refurbishment of the F&B offering at the Dormy clubhouse is continuing with the gold shop and bedrooms also to receive attention as the hotel looks to enhance its position as a "glorious playground".

Ennismore acquired Gleneagles in 2015 for around £200m.

Gleneagles to relaunch Strathearn restaurant>>

The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

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.