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

Ryder Cup boost pre-tax profits at Gleneagles

19 April 2016 by
Ryder Cup boost pre-tax profits at Gleneagles

The 2014 Ryder Cup helped boost pre-tax profits at the five-AA-red-star, 232-bedroom Gleneagles by 115% to £4.2m last year.

Turnover at the Perthshire property also grew by 6.8% to £47.6m during the 12 months to 30 June 2015, according to its consolidated profit and loss account lodged at Companies House.

Gleneagles enjoyed a global audience of hundreds of millions during the Ryder Cup in September 2014, during which the European team beat off their American rivals to carry off the biennial trophy.

The latest financial statement for Gleneagles is the final one to be published under the former ownership of Diageo, which sold the hotel on 1 July 2015 to private investment and property company Ennismore for a figure that is believed to have been around £200m.

Last week Ennismore, which also owns the designer-budget hotel brand, the Hoxton, announced plans for a "bold and creative" multi-million refurbishment of Gleneagles. Designers such as David Collins Studio, Timorous Besties, Macaulay Sinclair and Goddard Littlefair will be involved in creating a contemporary look to the 92-year-old property, while retaining its Scottish identity.

Gleneagles unveils multi-million pound refurbishment plan >>

Gleneagles sold to Hoxton owner >>

It's swing time at Gleneagles >>

TagsFinance and Hotels
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