Under new German ownership Kelso's Roxburghe Hotel and Golf Course will rebrand
The Roxburghe Hotel and golf course in the Scottish Borders has been sold to 12.18 Investment Management GmbH. With a guide price of over £3million this brings new money and investment into the area.
The German investment company and hotel operators have big plans for the 19th Century property with £30million earmarked to refurbish the property and surrounding estate and rebrand as Schloss Roxburghe.
Currently a 4 star Hotel with 22 rooms, restaurant and bar as well as public spaces and a spa area the plans seek to develop and extension of 57 extra rooms, business/meeting space and expand the spa. With the Championship level golf couse it is sure to become a great business destination when it reopens in 2019.
Also the estate is due to be developed with around 60 lodges for sale to private investors as a lease-back opportunity.
The Duke of Roxburghe commented: “The plans which the new owners have for major investment in the Roxburghe are very exciting indeed. We wish 12.18. every success with the new development and the operation in future and I have no doubt that it will become one of the most outstanding resort destinations in Scotland. I would like to pay particular thanks to all the staff who have worked with great dedication to deliver exceptional standards of service to our guests over the years.”
Steven Fyfe, associate director in the hotels agency team at Savills, added: “It was important we secured a buyer who could invest in the future of the hotel and golf course while respecting and maintaining the Roxburghe’s Scottish heritage. As one of Scotland’s most charming country house hotels, the sale of the Roxburghe attracted very strong interest from buyers, both from the UK and from abroad.”
For more information on 12.18's project please Visit Here
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