The new owner of Cameron House, the luxury Scottish resort, is plotting a significant capex investment into the property as it looks to improve the resort through carefully curated wellness and experiential-led offerings.
Victory Group completed the deal from affiliates of KSL Capital Partners for a reported £100 million, according to The Times.
The acquisition marks a further investment by Victory into luxury and prime hospitality and real estate. Cameron House joins Victory’s collection of assets, which include the Fairmont Grand Hotel Geneva, the Zudo project in Amsterdam’s Zuidas, a 207,000 sqm mixed-use urban redevelopment (formerly the ABN AMRO headquarters), and an office redevelopment in London’s Jermyn Street.
Cameron House is set in a historic 17th-century estate at the gateway to the Highlands.
Victory intends to build on Cameron House’s existing reputation, adding to the resort through wellness and experiential-led offerings, while respecting the estate’s historic character and environmental context.
Victory was advised by Bryan Cave Leighton Paisner, Alvarez & Marsal, Shepherd and Wedderburn, Turner & Townsend Building Consultancy, JLL Debt & Structured Finance and Howden Global Financial Sponsors. Financing was provided by Apollo-managed funds, advised by Gibson, Dunne & Crutcher and Burness Paull.
What they said
Erik Moresco, founder of Victory Group, said: “This acquisition reflects our strong conviction in high-quality assets in attractive locations. Cameron House combines a setting of breathtaking beauty, heritage and luxury, with legendary Scottish hospitality. We are excited to be making our first acquisition in Scotland, and we continue to see the UK as a compelling investment market.”