Sunday, June 16, 2024
Sunday, June 16, 2024
HomeNewsBusiness NewsCarnoustie Golf Hotel sold to investor consortium

Carnoustie Golf Hotel sold to investor consortium

The Carnoustie Golf Hotel and Spa has been acquired by MIJH Ltd, an investor consortium led by Max Herberstein and Paul Lisiak. This significant purchase is part of a broader vision to bolster Carnoustie’s position on The Open Championship rota. The hotel, which boasts 106 rooms, will undergo redevelopment but will continue its operations under the management of Bespoke Hotels.

Earlier this year, the Carnoustie Golf Links Management Committee had secured an option to purchase the hotel. Following this, in August, Angus Council approved the hotel’s redevelopment proposal. This green light from the council also included the transfer of the land lease on which the hotel stands, paving the way for the deal with MIJH Ltd to finalise the deal in September. The exact financial details of the transaction remain confidential.

Michael Wells, the Chief Executive of Carnoustie Links, emphasised the committee’s long-term vision for Carnoustie, aiming to transform it into a top-tier, sustainable golf destination, benefiting the local community and economy. He said, “We are working closely with Angus council on the next steps to advance this ambition further and help secure the return of The Open Championship to Carnoustie this decade.”

Echoing Wells’ sentiments, Max Herberstein of MIJH Ltd shared, “Carnoustie has a proud reputation as being one of the finest tests in golf anywhere in the world, and we are fully committed to making significant and positive improvements to the hotel for visitors and members of the local community alike.

“We look forward to working with Michael and the excellent team to secure the return of The Open to this wonderful venue.”

Carnoustie has been the host of The Open on eight occasions, with the latest event in 2018 seeing Francesco Molinari clinching the title.

 

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Links committee agrees deal to buy Carnoustie Golf Hotel

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