Stewarts Leisure Parks, which operates three holiday parks in Perthshire and Angus, is to create a new facility in Fife at a cost of £20 million.
Planning permission is in place for the new venture on land four miles south of St Andrews which the company describes as its “most ambitious project yet”.
The Scarbrooke Park development — located on Largo Ward Road, close to Cameron Reservoir — will start early next year.
The 87 lodges will be offered to market at prices from £99,000. A variety of leisure facilities will be provided on site including a restaurant and bar, clubhouse with sauna, spa, gym, beauty salon and resident’s supermarket.
Co-owner Bill Stewart said: “It’s a very busy time for us with the lodge sector still very vibrant in Scotland at the moment.
“Scarbrooke Park in St Andrews is a major capital investment for us.
“We’re hugely excited to be expanding into one of the very best locations in Scotland.
“St Andrews is a proven marketplace for investors and discerning holidaymakers with a worldwide reach and appeal.
“Our USP is presenting lodges for investment, with a personal service from us which ensures close contact with all owners.”
The company recently announced that its Forfar park, Lochlands, was also expanding, with 55 new lodges available. The family firm also runs holiday parks in Auchterarder and Dunning in Perthshire.
“Lochlands at Forfar continues to do well for us and we’re remain keen to expand into other areas of Scotland too,” Mr Stewart added.
“We’re always on the lookout for more parks to invest in.”
Mr Stewart said his team was also looking to work with St Andrews Angling Club who are based at the reservoir, to develop their current offering.
“We really want to maximise this beautiful setting so that those staying on the park will have a whole host of activities at their disposal, from walking, cycling and nature spotting, to angling,” he said.
“Prospective customers should log their interest with us now, to take advantage of the best plots and situation on release. They can reserve a lodge with just a 1% deposit.”
Stewart Leisure Parks employs an on site maintenance team at its parks, which are open all year round.
rmclaren@thecourier.co.uk