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Business News

Belfry owner KSL tees off talks about £150m sale

today08/04/2021

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The owner of the Belfry is teeing off a sale of its historic golf courses and resort nearly four years after a previous attempt to offload it was abandoned.

Sky News has learnt that KSL Capital Partners, an American private equity firm, has appointed the real estate advisory firm Savills to sound out potential buyers of the 550-acre site in Warwickshire.

Sources said the Belfry was likely to be valued at more than £150m by prospective bidders, with other private equity investors and wealthy individuals expected to show an interest.

The Belfry , Birmingham , 29/9/02 Paul McGinley - European Team celebrates after winning the Ryder cup after his putt on the 18th. Pic: Action Images/Brandon Malone
Image: The Belfry has hosted golf’s Ryder Cup on four occasions. Pic: Action Images/Brandon Malone

KSL acquired the Belfry in 2012, making its near-decade of ownership protracted by the standards of private equity firms.

It conducted an auction in 2017 but opted against a sale.

The Belfry has hosted golf’s Ryder Cup on four occasions, the most recent of which was in 2002.

Next month, it is scheduled to host the Betfred British Masters tournament.

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The origins of its main building date back to the 13th century, when it served as a manor of the Knights Templar.

Its recent history has also been colourful, having been owned until 2012 by Sean Quinn, the Irish former billionaire.

A spokeswoman for KSL declined to comment.

 Sky News

© Sky News 2021

Written by: Rother Radio News


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today08/04/2021


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