But owners both old and new say its still business as usual for The Dunvegan Hotel
One of the most iconic ’19th holes’ in the golfing world has been sold to a consortium of golfing enthusiasts from the US and Canada.
The Dunvegan Hotel in St Andrews has been bought over by Forth Bridge Capital LLP, an investment company registered in Edinburgh which specialises in sports related businesses and properties – and is owned and managed by golf enthusiasts, industry executives and tour professionals.
Former owners, Jack and Sheena Willoughby, who have managed the business for the last 23 years, will maintain an interest in the hotel and, as partners, support the new owners. They say that, from a customer, employee and patron’s perspective it will very much be business as usual.
The Dunvegan has hosted legends of the game, sports, screen and politics and has helped shape great golfing and entertainment memories for golf enthusiasts from around the world. This tradition will continue to be central from all perspectives.
The Willoughbys said: “We are a delighted to have concluded a deal with the principals at Forth Bridge Capital. Having been owners for the past 23 years, it’s obviously a bittersweet time for us hence we were always hoping to find buyers of a likeminded nature to ourselves to take the Dunvegan into its next ‘era’.
“There is no doubt we have accomplished this goal as the new owners are all golfers and are well known to us and to the Dunvegan.”
Forth Bridge executives confirmed the mutual respect for the property and new partners Jack and Sheena Willoughby.
They said: “We are very happy to be involved with Jack and Sheena who have been a pleasure to deal with and we are committed to ensuring The Dunvegan remains one of golf’s best experiences. We look forward to a long and exciting future for our long-standing patrons, our new friends and golfers from around the world.”
During the six months marketing period, Edinburgh and Fife-based property firm Pagan Osborne says it managed an unprecedented volume of enquiries from across the globe, for the iconic, world-renowned Scottish golfing hotel.