ST MELLION OFFERED FOR SALE
By Crown Golf
Following a strategic review of its UK golf portfolio, Crown Golf has taken the decision to offer St Mellion International Resort for sale.
 St Mellion International Resort in Cornwall. Photograph: Andy Hiseman St Mellion has undergone major investment under Crown Golf’s ownership, including a modern new 80-bedroom resort hotel complex with spa, banqueting and conferencing facilities plus significantly enlarged clubhouse facilities, as well as a redevelopment of the Kernow Course and refurbishment of the world-renowned Nicklaus Signature Course, which was the first British golf course designed personally by the 18-time Major-winner, Jack Nicklaus.
In December 2014 the Resort received outline planning approval to develop an additional 265 holiday homes on the 325-acre site, and has since received a number of unsolicited approaches from resort operators and developers. Crown Golf’s Chief Executive Officer, Stephen Towers, said, “With the grant of the planning permission for the new holiday homes, St Mellion International Resort now represents an enormous opportunity as a property development to the right buyer. “However, we regard the completion of the holiday homes development at St Mellion as being outside of our core operational business. Therefore, we believe that with the economy returned to growth, and particularly with the increased recent levels of interest in the UK golf resort market by property developers, now is exactly the right time to offer this unique opportunity to the market, although any sale would naturally be conditional on full value being achieved. “Meanwhile it remains business as usual at the Resort, and we look forward to giving a warm St Mellion-style welcome to many thousands of golfers this season, as we always do!” The St Mellion International Resort sale offering is being managed by CBRE.
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