An international hotel operator is being sought to run a 240-bedroom luxury resort hotel with championship golf course, which is to be developed at a cost of £120m on the outskirts of Edinburgh.
Planning permission has been granted for the resort which will be located on the 500-acre Kersewell Estate, 16 miles south of Edinburgh Airport. It will incorporate 250 chalet-style villas which will eventually be sold on a freehold or fractional basis, an equestrian centre and extensive conference and leisure facilities. The golf course is being designed in conjunction with the golfer Sandy Lyle, who said the development has the potential to rival any in Scotland.
The land is owned by a consortium of British businessmen, headed by property developer Carl Henry, who is based in Monaco. The group intended to self-finance the development.
While the plan is to reach an agreement with a hotel operator and resort developer, the group do not rule out selling the development.
A source close to the Kersewell Estate said: "The forthcoming referendum for Scottish independence is unlikely to make the country any less attractive regardless the outcome."
The opportunity to operate and develop the estate is being marketed by property company, the Debutesq Group.
Alexandra Hayward of the Debutesq Group, said: "Scotland is crying out for a resort hotel with conference and leisure facilities on a grand scale and this development will help the country compete better internationally".