According to the British “Times” report, one of Scotland’s most famous luxury hotels, Cameron House, has been sold to Victory Group, a hotel and real estate investment company founded by American investor Erik Moresco, in a deal of up to 100 million pounds.Moresco is a former managing director at Blackstone and previously worked at Morgan Stanley in New York, London and Paris, where he was responsible for mergers, acquisitions and real estate investment transactions. He founded Victory Group in 2009, focusing on hotel and real estate investments in Western Europe.The five-star resort on the shores of Loch Lomond was previously owned by KSL Capital Partners and is seen as one of Scotland’s most expensive hotel sales in recent years.
Cameron House/Photo:X
Victory confirmed the acquisition on Tuesday, marking its first investment in Scotland. The luxury hotel features 208 rooms, golf course, spa facilities, self-catering cabins, marina, restaurant and private cinema.Commenting on the acquisition, Moresco said Cameron House stood out because of its location, history and reputation for Scottish hospitality.“This acquisition reflects our strong belief in high-quality assets in attractive locations,” he said.“Cameron House combines stunning beauty, tradition and luxury with legendary Scottish hospitality. We are delighted to be making our first acquisition in Scotland and we continue to view the UK as a compelling investment market.”Victory Group is based in London and specializes in hospitality and property investments. Moresco founded the company with the intention of creating a more pragmatic investment firm where senior leadership remains closely involved in projects and long-term planning.Cameron House dates back centuries and was once the home of the Smollett family before developing into a luxury hotel destination. The current baronial-style building replaces an early 19th-century castle, which has been operating as a hotel since 1990.KSL Capital Partners bought the estate in 2015 for more than £70 million and oversaw a major restoration project after a fatal fire in 2017 killed two guests.
