Gleneagles, the hotel and golf resort in Scotland, has been sold by Diageo to the company that runs Hoxton Hotels.

Gleneagles was built by the Caledonian Railway Company and opened in 1924. It was acquired in 1985 by Guinness which later became part of the Diageo drinks company.

Gleneagles is set in an 850-acre estate with its own railway station plus 232 bedrooms and four restaurants, including Scotland’s only two-Michelin starred restaurant. As well as golf, Gleneagles is known for activities such as grouse shooting and equestrian sports. The British School of Falconry is based there.

The Gleneagles Arena is the latest development on site - a 2,500 square metre versatile conference and events space which opened in May 2015.

Hoxton Hotels, on the other hand, see themselves as the urban, 'street-wise', new kids-on-the-block - the antidote to the traditional hotel with no expensive mini-bars, no high rate phone calls and no chargeable internet and featuring an eclectic programme of monthly events from around the neighbourhood. There are two Hoxton Hotels in London, in Shoreditch and Holborn. The group has plans to open in other major cities around the globe.

The company said it would keep Gleneagles’ management and workforce, maintain its status in Scotland and spend money on improving the hotel. “We plan to operate Gleneagles as a standalone business – alongside the Hoxton – to ensure that its management team can preserve the special appeal of this Scottish landmark.”

Details: www.gleneagles.com