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Christine Group to sell gold resorts?

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Christie + Co completes sale of De Vere golf resorts

Christie Group plc (CTG.L), a provider of Professional Business Services and Stock & Inventory Systems & Services to the leisure, retail and care markets, is pleased to announce that Christie + Co, its specialist provider of agency and advisory services, has completed the sale of six UK golf resorts on behalf of the Board of De Vere Group.

The portfolio consists of 850 guest rooms, over 20 restaurants and bars, 8 championship golf courses and 3 nine hole courses and state-of-the-art leisure and Spa facilities and form a collection of six of the finest UK golf resorts comprising award-winning conference, golf and leisure facilities.

The highly competitive off-market sales process included De Vere Resorts ownership which comprises 184 timeshare and rental lodges.

The group sale includes Cameron House and The Carrick on the banks of Loch Lomond in the Scottish Highlands; Slaley Hall in Northumberland, the award-winning Grade II listed Oulton Hall, Mottram Hall with its 270 acres of magnificent parkland, Belton Woods set in stunning Lincolnshire countryside and Dunston Hall, a magnificent Elizabethan-style mansion sitting on a 150-acre wooded estate.

Chris Day, Managing Director at Christie + Co and member of the Board of Christie Group plc, says: “We are delighted to have sold this famous hotel portfolio following a focused off-market sales campaign. The hotels generated competitive interest from a variety of investors.”

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