English Golf Courses

De Vere to sell-off six resorts

Surprise as prestigious hotel chain puts English venues, plus one in Scotland, on the market

THE De Vere Group has placed five of its English golf resorts - six, in total, across the UK - up for sale. The prestigious hotel and resort chain is looking to sell off the assets in a deal which is expected to be worth £160m.

The clubs affected by the sale are Mottram Hall, in Cheshire; Slaley Hall, in Northumberland; Dunston Hall, in Norfolk; Belton Woods, in Lincolnshire; and Oulton Hall, in Yorkshire.


Cameron House Hotel in Scotland, which has close links to The Carrick golf course, is also being sold off by the group.

It is expected that KSL Capital Partners, the US private equity firm that bought The Belfry Hotel from De Vere for a reported £186m in 2006, will bid for the six clubs.

The decision by De Vere to find a buyer for its golf portfolio is not wholly unexpected. The group sold its conference division to Starwood in March for over £230m and it has been selling off its non-golf hotels for several months.

De Vere went into the hands of Lloyds Banking Group during the financial crisis in a £650m debt-for-equity deal.

In Other News...

WATCH THE LATEST VIDEO: Titleist TS Metalwoods review

Subscribe to UK Club Golfer Newsletter

* indicates required
UK Club Golfer
Subscribe to UK Club Golfer Latest News Email - Click Here to Register

Read the latest issue of UK Club Golfer online

UK Club Golfer

Copyright © 2003 - 2017 PSP Media Group Ltd Registered Office: PSP House, 50 High Craighall Road Glasgow G4 9UD Registered in Scotland No. 158316 Tel: 0141 353 2222 Fax: 0141 332 3839 Email: sales@psp.uk.net Calls may be monitored or recorded for training purposes