Adventurous Journeys Capital Partners has acquired The Marine Hotel in Troon, Scotland for an undisclosed fee.
The site will be the third Scottish golf property acquired by AJ Capital and will become part of the newly-launched Marine & Lawn collection of high-end golf resorts.
Ben Weprin, AJ Capital Partners founder & CEO, said: “We’re thrilled to share the news of the Marine & Lawn Collection, a hand-crafted hospitality experience for travellers embarking upon once-in-a-lifetime visits to the storied Scottish golf coast.
“Our background is rooted in restoring iconic community landmarks and creating distinctive spaces for both locals and travellers alike. We are excited to provide memorable destinations that will leave visitors with memories to be cherished for years to come. Whether you’re visiting one property or all three, we look forward to serving as a backdrop for an unforgettable journey.”
Former owners Cannock Group and Stellar Asset Management started renovations to the hotel in spring 2020 and these updates will be continued by AJ Capital beginning in late 2020.
“The Ayrshire Coast offers unparalleled golf facilities and we look forward to creating a hospitality experience that complements these best-in-class courses,” said Phillip Allen, AJ Capital Partners CDO for International Markets. “The reimagined Marine Hotel will celebrate the history of the coast and the golf excellence that is synonymous with the region, all while providing travellers with a special, hand-crafted stay.”
The Marine & Lawn Collection will join AJ Capital Partners’ growing portfolio of hotels throughout the UK. AJ Capital also owns and operates the Randolph Hotel in Oxford, England and the Cambridge Hotel in Cambridge, England, which are currently undergoing renovations and will reopen as part of the Graduate Hotels collection in 2021.