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Mon 3 Mar 2008 01:00 AM

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Dubai eyes $795mn trophy golf assets

Emirate tees up to buy premier Scottish courses Turnberry, Gleneagles and Loch Lomond, press reports.

Dubai eyes $795mn trophy golf assets
TROPHY ASSETS: Dubai wants to build its association with major golfing events with the purchase of three premier Scottish courses including Gleneagles, pictured. (Getty Images)

Dubai is preparing bids worth at least $795 million for three premier Scottish golf courses, it was reported on Sunday.

According to the UK’s Observer newspaper, state-owned Dubai world is in advanced talks to acquire the Turnberry course and adjacent luxury hotel from its US owner, Starwood Hotels and Resorts.

It has also shown interest in the Gleneagles and Loch Lomond courses, the newspaper said.

Turnberry was put up for sale at the end of last year, under the condition Starwood retains the right to manage the resort.

Gleneagles is currently owned by drinks giant Diageo, and is due to host the Ryder Cup in 2014. Loch Lomond hosts tournaments including the Barclays Scottish Open and Solheim Cup.

A source in the Gulf told the Observer: “Dubai is seeking trophy sporting assets. It wants to be behind leading golfing tournaments, which would help it to promote its own Dubai Desert Classic competition.”

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