Drinks Giant Diageo to Sell Gleneagles for Pounds 250 Million ; After Axing 900 Jobs, Company Looks Set to Offload Scotland'smost Famous Set to Offload Scotland's Most Famous Hotel to Owners of New Pounds 500m Resort Hotel to Owners of New Pounds 500m Resort [Scot Region Edition 2]

Mail on Sunday › July 12, 2009

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Summary

The Mail on Sunday JULY 12 - 2009

DRINKS giant Diageo is believed to be 'very close' to a Pounds 250 million deal to sell Scotland's most famous five-star hotel.

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Extract

Drinks Giant Diageo to Sell Gleneagles for Pounds 250 Million ; After Axing 900 Jobs, Company Looks Set to Offload Scotland'smost Famous Set to Offload Scotland's Most Famous Hotel to Owners of New Pounds 500m Resort Hotel to Owners of New Pounds 500m Resort [Scot Region Edition 2]

The company is said to be in advanced negotiations with the al- Tajir family, who are currently building their own Pounds 500 million resort and residential complex next do...

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