ESP Growth acquires Murrayshall House Hotel
Stellar Asset Management has recently committed further capital to refurbish this hotel which was acquired in November 2015 on behalf of its ESP Growth investors.
The Murrayshall hotel and golf resort is an established four-star hotel and golf club occupying a site in excess of 350 acres less than 10 minutes from Perth.
The hotel has 41 bedrooms and three-bedroom lodges and extensive golf club facilities with two 18-hole golf courses. The hotel also offers a rosette restaurant, conference and function space for up to 200 people.
Work will now commence on complete refurbishment of the function space, restaurant, clubhouse and all bedrooms in the main house. The work should be complete by the end of the year.
In addition, capital investment has been made on the golf courses and in equipment to improve quality of the courses and its signage.
Stellar was advised by Hetherley Capital Partners.