Cameron House, one of Scotland’s most famous luxury hotels, has been sold to Victory Group, a hospitality and real estate investment company founded by American investor Eric Moresco, in a deal reportedly worth up to £100 million, according to The Times (UK).Moresco is a former managing director of Blackstone and previously worked on mergers, acquisitions and real estate investment deals at Morgan Stanley in New York, London and Paris. He founded Victory Group in 2009, focusing on hospitality and real estate investments throughout Western Europe.The five-star resort on the shores of Loch Lomond was previously owned by KSL Capital Partners and is believed to be one of the most expensive hotel sales in Scotland in recent years.

Cameron House/Image: X

Victory confirmed the acquisition on Tuesday, which is the company’s first investment in Scotland. The luxury property includes 208 rooms, a golf course, spa facilities, self-catered 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 belief in high-quality assets in attractive locations,” he said.“Cameron House combines breathtaking beauty, heritage and luxury with superb Scottish hospitality. We are excited to make our first acquisition in Scotland, and we continue to see the UK as an attractive investment market.”Victory Group is headquartered in London and specializes 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’s history dates back centuries and was the home of the Smollett family before being developed as a luxury hotel destination. The current Baronial-style building replaced an earlier castle in the 19th century, and the property has been operating as a hotel since 1990.KSL Capital Partners purchased the property in 2015 for more than £70 million and subsequently oversaw a major restoration project following a deadly fire in 2017 that killed two guests.