Global investors acquire Fairmont St Andrews

Published on : Monday, December 9, 2019

Great Century has made its first Investment in Fairmont St Andrews and has acquired its holding company, St Andrews Bay Development.

 

 

Within the golf and hospitality industries the partners of Great Century have established a strategic plan focused on global investments.

 

Fairmont, an Accor brand, continues to manage and operate the hotel under its long-term management agreement.

 

 

Cym Chan, co-chairman of Great Century said that as a member of the Royal & Ancient Golf Club and a passionate golfer with over 30 years’ experience in the golf and hospitality industries, it is a privilege and an honour to participate closely in the future enhancement of this great property at St Andrews, Scotland.

 

 

 

While Great Century is a global investments and asset management company, specialised in the golf and hospitality industries. It is headquartered in Hong Kong, Great Century spots opportunities with strong appeal and potential to develop into Asia, as well as focusing on global investments and asset managements in Europe and North America.

 

Great Century’s core focus is on investing and operating projects that can create growth and scaled opportunities, extending into various industries that complement the golf element, such as clubs and resorts, dining and technology led establishments, to ultimately build memorable golf experiences.

 

 

Peter Lam, chairman of Lai Sun Group and co-chairman of Great Century felt extremely confident about the future potential that the Fairmont St Andrews holds.

 

 

He was proud to be a partner in this long-term investment.

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