In Perthshire, Scotland, the Hilton Dunkeld House Hotel has been sold for an undisclosed sum.
The new owner is Dunkeld House Hotel LLP, a partnership between Arnold Schnegg, James Hawksworth and funds managed by Downing LLP. The transfer will be effective as of May 5 and the property will no longer operate as a Hilton hotel.
Arnold Schnegg, CEO of Dunkeld House Hotel LLP, said that the partnership would make “a significant capital investment to further improve the quality of the hotel facilities, with a view to relaunching as an independent country house hotel.”
Arnold Schnegg and James Hawksworth founded and built the Hallmark Hotels group. Downing LLP has more than £700 million in funds under management and invested £170 million into UK businesses last year.
Source: The Courier