Former BBC chairman Gavyn Davies and his wife, Baroness Sue Nye, have bought the 16-bedroom Machrie Hotel and the Machrie Golf Links on the Isle of Islay, out of administration.
Davies and Nye, who was a close advisor to former prime minister Gordon Brown, have paid an undisclosed sum for the hotel and golf course, which is regarded as one of the best links courses in the world.
The development, which includes 15 lodges, is to be renovated and managed by G3K, whose chief executive is Stewart Smith, a Scottish golf professional of 28 years.
Joint administrator Blair Nimmo, head of restructuring for KPMG in Scotland, said: "Following a seven-month search for a buyer, it is extremely satisfying to have concluded the sale of the Machrie Hotel and the Machrie Golf Links.
"The Machrie is an internationally recognised golfing venue, and both the hotel and golf course are of significant importance to the local economy on Islay, and as such it is particularly pleasing to have achieved this sale, which will hopefully ensure the future of this historic course."
By Janet Harmer
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