German firm snaps up Scottish golf course

A German company has bought The Roxburghe Hotel and Golf Course in Scotland off a guide price of £3.25 million and will rename it SCHLOSS Roxburghe.

The Düsseldorf-based 12.18 Investment Management GmbH plans to reopen the venue in 2019 following a £30m refurbishment programme.

Sixty lodges will be built on the surrounding estate and will be made available for sale to private investors through a sale-and lease-back concept. New hotel rooms, a spa and a meeting space will also be built.

Managing partners Jörg Lindner and Kai Richter signed the purchase agreement with former owner the Duke of Roxburghe in Edinburgh.

The Duke of Roxburghe commented: “The plans which the new owners have for major investment in the Roxburghe are very exciting indeed. We wish 12.18. every success with the new development and the operation in future and I have no doubt that it will become one of the most outstanding resort destinations in Scotland. I would like to pay particular thanks to all the staff who have worked with great dedication to deliver exceptional standards of service to our guests over the years.”

Kai Richter said: “We are excited about our new investment in Scotland and are confident that the acquisition of the Roxburghe Hotel & Golf Course will not only enrich our portfolio but will also be profitable for the entire region.”

Lindner said: “We expect that after the complete redevelopment of the celebrated Roxburghe Hotel & Golf Course and the new available rooms on the ground, the number of staff being employed with us will be more than doubled .Regional business, restaurants and shops will economically benefit from the touristic development in the region.”

12.18. is experienced in regenerating historic properties, having launched castle hotel SCHLOSS Fleesensee in the Mecklenburg Lake District together with one of northern Europe’s biggest golf resorts including five courses and a golf academy.

Roxburghe Hotel & Golf Course will be the second property under 12.18.’s new brand ‘SCHLOSS Hotel’.

The company says it is interested in acquiring additional historic touristic properties within the UK to complement the portfolio.