Now Reading
Goldman Sachs buys The Belfry

Goldman Sachs buys The Belfry

Goldman Sachs buys The Belfry

Well-known golf course and resort resort The Belfry has been bought.

Goldman Sachs Asset Administration and Cedar Capital Companions have teamed as much as purchase the positioning close to Sutton Coldfield from KSL Capital Companions in an undisclosed deal.

The Belfry has three 18-hole golf programs and has hosted the Ryder Cup 4 instances – greater than every other venue.

The resort additionally includes 320 resort rooms, 5 eating places, a spa and different leisure facilities unfold throughout 550 acres.

The brand new homeowners stated they have been planning to hold out improve work to the positioning however haven’t revealed any additional particulars as but.

The Birmingham BusinessLive Awards in affiliation with Birmingham Put up 2022 are open for entries.

The annual ceremony will rejoice town’s most interesting companies, people and organisations and crown our general Firm of the Yr – enter now right here.

The deadline for submissions is Monday December 13 and the ceremony might be held on the ICC in Birmingham on Friday February 18.

In case you have any questions or to investigate about sponsorship please electronic mail and comply with the hashtag #BBLA for updates on social media.

KSL Capital Companions had beforehand outlined a number of regeneration plans together with a brand new indoor pool, water park and extra resort rooms on the positioning of the Bel Air nightclub however to this point these haven’t come to fruition.

Nabil Aquedim, government director of actual property at Goldman Sachs Asset Administration, stated: “We’re delighted to be partnering with Cedar for this acquisition of a famend resort and golf resort which we plan to renovate and prolong over the approaching years.

“This funding aligns with our technique of buying high-quality property which are properly positioned to learn from post-covid hospitality and leisure tendencies.

“We sit up for working with Cedar and the resort’s administration workforce to construct on the Belfry’s robust repute as a golf resort and improve the leisure providing.”

E mail newsletters

BusinessLive is your own home for enterprise information from throughout the West Midlands together with Birmingham, the Black Nation, Solihull, Coventry and Staffordshire.

Click on by means of right here to join our day by day electronic mail e-newsletter and likewise view the broad vary of different bulletins we provide together with weekly sector-specific updates.

See Also
Former 'Basurera' With Zero Capital Becomes CEO of Her Own Business

We may also ship out ‘Breaking Information’ emails for any tales which should be seen straight away.


For all the newest tales, views and polls, comply with our BusinessLive West Midlands LinkedIn web page right here.

Phil Golding, accomplice at Cedar Capital, added: “We sit up for working with the resort’s administration workforce to construct on the Belfry’s storied historical past and, alongside our companions at Goldman Sachs, we’re proud to be the following custodians of this iconic resort.”

Raphael Bihler, vice-president at KSL Capital Companions, stated: “We’re very proud to have owned the resort for nearly ten years, throughout which era we accomplished a considerable renovation and repositioning, and developed an excellent working workforce.

“By a number of European PGA Tour occasions, numerous company features and lots of blissful social occasions, we’re assured that The Belfry has returned to its rightful place as the highest resort within the UK.

“We’re happy to depart the resort in such secure fingers and want to thank the numerous members of the administration workforce who’ve made our possession interval so pleasing.”

Advisers on the deal have been Jones Day, Alvarez & Marsal, Deloitte, CBRE, Dentons, Savills, Clifford Likelihood and Chook & Chook.

What's Your Reaction?
In Love
Not Sure
View Comments (0)

Leave a Reply

Your email address will not be published.

Scroll To Top