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Fairmont St Andrews: offers in the region of £37m are invited

12.18pm 20th June 2014 - Property

Fairmont St Andrews
Fairmont St Andrews

The stunning luxury Fairmont St Andrews enjoys a superb location in the ‘Home of Golf’. Positioned on the coastline of the breathtakingly beautiful St Andrews Bay, this purpose-built resort was opened in 2001. The Fairmont St Andrews comprises a spectacular 520 acre estate in a unique setting.

CBRE Hotels has been appointed to bring this highly regarded resort property to the market for sale by private treaty. The property is being offered with the benefit of a management agreement with Fairmont, an internationally-recognised hotel operator of luxury assets.

The extensive accommodation comprises 209 bedrooms and suites, bars, restaurants, conference, leisure and spa facilities, and two four bedroon Manor Homes.

Fairmont St Andrews had a strong trading performance in 2013 and is projecting strong growth in 2014 and 2015 due in part to the Ryder Cup coming to Scotland at the end of September and The Old Course at St Andrews hosting The Open Championship in 2015.

Fairmont St Andrews development opportunity
Fairmont St Andrews development opportunity

There is an opportunity for further development in that there is existing planning permission for 71 holiday homes and 8 manor homes located prominently on the resort. These comprise a mixture of 1,2,3 and 4 bedroom units with a gross development area of approximately 136,000 sq. ft. /12,700 sq. m.

Fairmont St Andrews boasts two 18-hole, championship golf courses. The Torrance and the Kittocks are generously laid out across the 520 acre estate and encircle the hotel. The golf offering includes an impressive cliff-edge Clubhouse which enjoys stunning views over the championship courses and St Andrews Bay.

The Torrance Course re-opened in July 2009 following an extensive refurbishment and upgrade program including the re-design of 8 holes. It offers a challenge to both amateurs and professionals alike. It hosted the 2010 final Open qualifying rounds, the Scottish Senior Open in 2010 and 2011 and will host this event again later this year in 2014.

The Kittocks Course was designed by Bruce Devlin and opened in 2001. The course has recently been upgraded and comprises 18 challenging holes with spectacular panoramic views of the Eden Estuary and North Sea.

The state-of-the-art Signature Spa at Fairmont St Andrews comprises 12 luxurious treatment rooms together with a Health Club which includes a contemporary-designed gym. In addition there is a swimming pool with attractive pool areas, sauna and steam room.

CBRE Hotels are seeking offers in the region of £37 million, subject to contract, for this prime resort.

For further information including details of how to view full details of the resort’s recent trading performance view the dedicated website www.fairmontstandrews-cbrehotels.com

       

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