Global Edition

Goldman Sachs buys The Belfry for £140m

10.39am 8th October 2021 - Property

The Belfry Hotel & Resort has been bought by US investment bank Goldman Sachs for a reported £140m.

A property fund run by the Wall Street bank fended off a rival bid from California-based investment firm Pimco as the preferred bidder for the Warwickshire-based resort, whose facilities include three golf 18-hole courses a 324-bedroom hotel, spa and conference facilities.

Property advisory company Savills is understood to have been working for The Belfry’s current owner, Denver-based KSL Capital Partners, on the sale for several months.

KSL Capital bought the four-time Ryder Cup host venue for an undisclosed sum in 2012. It first tried to offload it via an auction process in 2017, but ultimately opted against a sale.

The De Vere Group, which owned and operated The Belfry before it sold it to the Quinn Group in 2005, was was brought back into manage the venue in April this year. A new hotel manager, Ed Richardson, was appointed in May.

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