Cameron House, one of Scotland’s most famous luxury hotels, has been sold in a deal said to be worth up to £100 million to Victory Group, a hospitality and property investment firm founded by American investor Eric Moresco, according to The Times (UK).Moresco is a former managing director at Blackstone and previously worked at Morgan Stanley in New York, London and Paris on mergers and acquisitions and real estate investment deals. He founded Victory Group in 2009 with a focus on investing in hospitality and real estate across Western Europe.The five-star resort on the banks of Loch Lomond was previously owned by KSL Capital Partners and is considered one of the most expensive hotel sales in recent years in Scotland.
Cameron House / Photo: X
Victory confirmed the acquisition on Tuesday, marking the company’s first investment in Scotland. The luxury hotel features 208 rooms, golf courses, spa facilities, self-catering lodges, a marina, restaurants and a private cinema.Commenting on the purchase, Moresco said Cameron House was distinguished by its location, history and reputation for Scottish hospitality.“This acquisition reflects our strong conviction in high-quality assets in attractive locations,” he said.
“Cameron House combines striking beauty, heritage and luxury, with legendary Scottish hospitality. We are excited to make our first acquisition in Scotland, and continue to see the UK as a compelling investment market.”Victory Group is headquartered in London and specializes in hotel and real estate investments. Moresco founded the company with the goal of creating a more hands-on investment firm where senior leadership remains closely involved in projects and long-term planning.Cameron House has a history dating back centuries, and was once home to the Smollett family before evolving into a luxury hotel destination. The current baronial-style building replaced a previous 19th-century castle, and the property has operated as a hotel since 1990.KSL Capital Partners bought the property in 2015 for more than £70 million, and later oversaw a major restoration project following a fatal fire in 2017 that killed two guests.
