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Marine hotel overlooking Royal Troon is on market for £7m

19 November 2014 by
Marine hotel overlooking Royal Troon is on market for £7m

The iconic 89-bedroom Marine hotel overlooking the Royal Troon golf course in Ayrshire on the west coast of Scotland has been put up for sale, with a price tag of £7m.

Built at the turn of the 20th century, it is the fourth property from the Hotel Collection to be put on the market in recent weeks, following a refinancing of the company and the announcement that chairman Grant Hearn would be taking over the day-to-day running of the company of 21 four-AA-star hotels from chief executive Fredrik Korallus.

The other hotels on the market are the 122-bedroom Palace hotel in Buxton, Derbyshire, being marketed for a price in excess of £7m; the 100-bedroom Basingstoke Country hotel, near Hook, Hampshire (£5.5m), and the 152-bedroom Cheltenham Park hotel in Gloucestershire (£8m).

Both the Palace and Basingstoke County hotels are being marketed by Christie + Co, while the sale of the Cheltenham Park and Marine hotels are being handled by Savills and Colliers International respectively.

The Marine hotel is located on the edge of the 18th hole of the famous Royal Troon golf course, which has hosted the Open Golf Championship eight times with the event set to return in 2016.

It incorporates extensive public areas, including the Arran bar, two AA rosette Two Fat Ladies restaurant, and a health and leisure club.

Julian Troup, head of UK hotels agency at Colliers International, said he anticipated "considerable interest" from both UK and international buyers. "The Marine comes with considerable heritage, a strong trading base and platform for future business growth."

Grant Hearn to lead Hotel Collection as CEO exits >>

Grant Hearn appointed chairman of Hotel Collection >>

Hotel Collection to sell Cheltenham Park hotel >>

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