An iconic Angus hotel has gone on the market with a multi-million-pound price tag.
The Carnoustie Golf Hotel, which has hosted some of the world’s golfing greats, is being marketed for offers in excess of £10 million.
The hotel has 96 en suite guest bedrooms across four floors, including two full suites, eight junior suites and six family rooms, and recently underwent a £1.9m investment and upgrading programme.
The four-star venue also has a spa with 550 members, extensive conference facilities of seven rooms, a restaurant and bistro, as well as separate staff accommodation.
The leisure facilities include a 15-metre swimming pool, Jacuzzi, gym, three treatment rooms and a relaxation room.
Included in the sale is the famous 2.8-metre Rolex clock which weighs in at 450kg, and was the largest timepiece supplied by Rolex at the time it was fitted.
Only 40 golf courses across the globe have one of the timepieces.
The business is being marketed for sale by Colliers International who described it as an “outstanding opportunity for experiences and corporate hoteliers”.
The agents said the hotel “benefits from strong business throughout the year”, attracting golfers, conferences and about 30 weddings per year.
The venue also plays host to family celebrations, charity balls and corporate hospitality events.The business has seen a year-on-year increase in turnover, rising from £3.84m in 2016 to £4.54m in 2019.
The hotel also has guaranteed tee times, 30 free rounds and four golf days per year on the championship course.
The property and business, which is to be sold as a going concern, also benefits from commissions income and a sub-lease to Carnoustie Golf Links Limited, which generates a total current income of £209,266 per annum.
There is a long leasehold interest from Angus Council of 125 years dating from 1998, leaving 104 years unexpired, with a rent payable which is comprised of base rent with a turnover provision until 2033.
The hotel was built in anticipation of the 1999 Open Championship, which returned to Carnoustie in 2007 and 2018 when it attracted visitor numbers in excess of 170,000 over the duration of the tournament.
