Media365
Cameron House, one of Scotland’s best-known luxury hotels, has been sold in a deal reportedly valued at up to £100 million to Victory Group, a hospitality and real estate investment company founded by US investor Erik Moresco, according to The Times (UK).Moresco is a former managing director at Blackstone and previously worked at Morgan Stanley across New York, London, and Paris on mergers, acquisitions, and real estate investment deals. He founded Victory Group in 2009 with a focus on hospitality and real estate investments across Western Europe.The five-star resort on the banks of Loch Lomond was previously owned by KSL Capital Partners and is regarded as one of the most expensive hotel sales in recent years in Scotland.
Cameron House/Image: X
Victory confirmed the acquisition on Tuesday, marking the company’s first investment in Scotland. The luxury property includes 208 rooms, golf courses, spa facilities, self-catering lodges, a marina, restaurants, and a private cinema.Commenting on the purchase, Moresco said Cameron House stood out because of its location, history, and reputation in Scottish hospitality.“This acquisition reflects our strong conviction in high-quality assets in attractive locations,” he said.“Cameron House combines a setting of breathtaking beauty, heritage and luxury, with legendary Scottish hospitality. We are excited to be making our first acquisition in Scotland, and we continue to see the UK as a compelling investment market.”Victory Group is headquartered in London and specialises in hotel and property investments. Moresco founded the company with the aim 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 an earlier castle in the 19th century, and the property has operated as a hotel since 1990.KSL Capital Partners purchased the estate in 2015 for more than £70 million and later oversaw a major restoration project following a deadly fire in 2017 that killed two guests.
