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UK: Investment firm Victory Group has purchased the luxury resort Cameron House, located near Glasgow, from KSL Capital Partners.
Cameron House is a historic 17th-century estate offering rooms, suites, apartments, cottages, and lodges on the banks of Loch Lomond. Amenities at the resort include two golf courses, three pools, a sauna, fitness facilities, and eight food and beverage venues.
The property joins Victory’s portfolio of hotel and real estate assets, including Fairmont Grand Hotel Geneva; the Zudo project in Amsterdam’s Zuidas – a 207,000 square-metre, mixed-use urban redevelopment, formerly the ABN AMRO headquarters; an office redevelopment in London’s Jermyn Street, among others.
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.”
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.
Highlights:
- Victory Group has acquired Cameron House from KSL Capital Partners.
- Set on the banks of Loch Lomond, Cameron House is a 17th-century resort featuring rooms, suites, apartments, cottages and lodges alongside leisure amenities.
- Resort amenities at Cameron House include two golf courses, three swimming pools, a spa with sauna, fitness facilities and eight food and beverage venues.
- The acquisition adds the Scottish resort to Victory Group’s international portfolio, which includes Fairmont Grand Hotel Geneva and the Zudo mixed-use redevelopment project in Amsterdam.
- Financing for the Cameron House transaction was provided by funds managed by Apollo Global Management, supporting Victory’s continued expansion in UK hospitality assets.
