Belfry Golf Venue of Ryder Cup Fame Said Weighed for Saleby
KSL Capital Partners LLC, a private-equity manager with investments from ski resorts to indoor skydiving, is considering selling the four-time Ryder Cup golf venue the Belfry, according to three people with knowledge of the plan.
The landlord is seeking offers of about 180 million pounds ($234 million) for the 500-acre (202-hectare) English resort, two of the people said, asking not to be identified because the plan isn’t public. Broker Jones Lang LaSalle Inc. has been appointed to advise on options for the Warwickshire estate, which includes a hotel and spa, the people said. Other options include selling a stake in the project.
An executive for Denver, Colorado-based KSL Capital didn’t respond to an email sent on Wednesday, and a spokeswoman didn’t respond to calls and emails seeking comment. A spokeswoman for JLL declined to comment.
The plunge in the pound following the U.K.’s Brexit vote has spurred demand from overseas hotel investors seeking to benefit from lower prices and an anticipated tourism boom. Britain will be the top target for European hotel investment in 2017, according to a survey of investors published last month by broker CBRE Group Inc.
KSL bought the 324-bedroom hotel and golf resort in 2012, according to its website, and has since undertaken renovation. The Belfry is the only venue to host the Europe-versus-U.S. Ryder Cup golf tournament four times, most recently in 2002, according to KSL.
A round of golf on The Brabazon course, where Sam Torrance sank a 22-foot putt on the final hole to help beat the U.S. team in 1985, can cost 160 pounds.