Golf Business News – Formby Hall seeks public investor-funded reconstruction program
Global Edition
The owners of Formby Hall golf resort and spa in Lancashire have announced plans to open a public investment business to help drive expansion.
Portugal-based Harland & Poston Group acquired Southport Resort last December and now the company has revealed plans for an investment plan that will renovate and upgrade the hotel’s F&B products, event spaces and fitness facilities.
The reconstruction plan also includes the construction of a new independent wedding venue with 24 hotels.
It is understood that the company is looking for £27 million to help expand its funds, thus opening up formby Hall for public investment, providing investors with solid, secured returns on landmark properties.
The four-star hotel and spa currently includes 76 bedrooms, an 18-hole champion golf course, 9-hole Woodsh Dune Course and PGA Academy.
Harland and Poston were founded by David Poston and Gary Harland. CEO David Poston said: “Opening Formby Hall golf resorts and spas to open to public investment is a strategic milestone. It allows us to access major hotel development opportunities exclusively by investors. This approach changes solidly for our business and games, investors with the ability to seek solid, favorable returns in Landark properties.
“In addition, we are pleased to announce further projects in the UK as soon as possible, strengthening our commitment to reshape the hotel landscape.”
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