Gleneagles Hotel may sell for £200 million this week

The Herald Scotland is reporting that Diageo is in exclusive talks over the sale of Gleneagles Hotel in a £200 million deal that could be announced as early as this week.

The report claims that London hotel owner Ennismore Capital may be the purchaser of the Perthshire landmark, which was acquired originally in the privatization of British Rail's hotels in 1982 and was subsequently sold to Bell's and Guinness.

Diageo tried to sell the hotel in 1998 and again in 2009. It saw a £1 million rise in operating profits to £1.9 million in the financial year prior to hosting the Ryder Cup last autumn, on turnover up from £39 million to £44 million. 

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Ennismore also owns a hotel in London's Shoreditch neighborhood as well as other international properties. 

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Gross operating profit per available room dropped to -$17.98 while total RevPAR dropped 92.9 percent to $17.39 for the month.