Tuesday, February 03, 2015


GLENEAGLES COMING ON MARKET AT £200million

FROM GOLF.COM'S NICK MENTA

The site of the U.S. Ryder Cup team's implosion last September and the European team's most recent success could soon be up for sale.

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.

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