Troon Scotland -9th May 2019: Cannock Troon LLP, the ownership group of The Marine Hotel in Troon, have today announced their plans to embark on a phased plan of major works to refurbish and bring a luxurious new look and feel to the iconic Ayrshire property that dates back to 1894.
Having obtained all the necessary planning and listed building consents, work is scheduled to begin at the end of June 2019 on external areas including windows, roofs and stonework. Internal works to all 89 bedrooms, reception area, restaurant and bar are scheduled to follow on later in the year.
It is anticipated that the first phase of works will take between 11 – 15 months to complete, enabling the refurbished hotel to be fully operational to welcome the AIG Women’s British Open to be held at The Royal Troon Golf Club in August 2020. The hotel will remain open and operate throughout the renovation works.
Commenting on behalf of The Marine Hotel’s ownership group, Jonathan Gain, CEO of Stellar Asset Management said, “We are incredibly excited that we have reached a stage where we can now announce our plans and commitment to sympathetically restore this iconic Ayrshire hotel back to its former glory.
From the moment we acquired the property back in 2015, we were immediately taken by its impressive location overlooking the 18th hole of The Royal Troon Golf Club, not to mention its reputation, important to Ayrshire and its residents and the wider international golf community.
Thus, we recognised the need to invest and elevate the hotel to the status it rightly deserves having been the only hotel in Scotland to have retained an AA 4-star status throughout its history.
Further showcasing our commitment to this project, we are proud to announce that we have appointed award-winning Scottish interior design company, ICA, to deliver a design that exudes best-in-class elegance, comfort and taste whilst retaining a subtle Scottish theme throughout the hotel.”
Announcements on 2nd and 3rd phase plans to upgrade the hotel’s leisure and conference facilities will follow in due course, with the main aim being to create a premium experience across all areas of the hotel.
“Speaking on behalf of the entire team here at The Marine Hotel we are looking forward to starting this exciting project and are committed to working in partnership with all parties to put the hotel firmly back on the map, both locally and on an international level,” commented Colin Richards, The Marine Hotel General Manager.
About The Marine Hotel ownership and management:
Stellar Asset Management: Estate and succession planning specialists with more than three decades of financial services experience, Stellar Asset Management currently own hotels across the UK & Ireland, including the Holiday Inn Express in Folkestone, Murrayshall Country House Hotel and Golf Club in Perthshire and the Marine Hotel in Troon, amongst others.
Cannock Developments LTD: Cannock Developments are part of the Cannock Group, an established and highly experienced development company with interests in hotels, residential, renewables and finance. The Group has a reputation for delivering efficient and innovative solutions, adapting swiftly to market forces through a thorough understanding of customer needs, finance structures and legislation.
Hetherley Capital Partners: Heatherley Capital Partners is a specialist hotel investment, operations and asset management firm able to deploy a comprehensive range of acquisition, hotel management, financial and asset management functions across all of its hotels. We work through the life cycle of each investment from deal origination to successful exit, delivering superior, risk-adjusted returns for our capital partners. Hetherley Capital Partners are asset managers for the Marine Hotel Troon.
Interstate Hotels & Resorts: The Marine Hotel is managed by the global leader in hotel management, Interstate Hotels & Resorts. Backed by more than 50 years of global experience, Interstate are recognised as the leading third-party hotel management company in the world, delivering operational expertise and exceptional financial performance across its portfolio of clients.