GLENEAGLES COMING ON MARKET AT £200million
FROM GOLF.COM'S NICK MENTA
Diageo plc, the world's largest distiller, is looking to cash in on Gleneagles' recent worldwide exposure and has hired a real estate broker to handle a potential sale.
A company spokeswoman told Bloomberg that the company has fielded “numerous expressions of interest over the years and particularly since the Ryder Cup. ... We have a duty to consider such interest carefully.”
The Times of London, which first reported the news on January 31, estimated that the hotel and four-course golf club sitting on 850 Perthshire acres could be worth £200 million ($300 million).
Included in Diageo's portfolio are the following well-known brands: Guinness, Johnnie Walker, Smirnoff, Captain Morgan, Crown Royal and Tanqueray - just to name a few.
Labels: GOLF NEWS
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