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LONDON-Gleneagles, the world famous golf resort in Scotland, is planning to invest £300 million ($467 million) in an expansion of its facilities.

Owner, Ochil Developments, is proposing to build a 180-room five-star hotel on the 600-acre site adjacent to the existing hotel and golf courses. The proposals also include 248 luxury homes priced at between £500,000 ($780,000) and £3 million ($4.6 million), 50 timeshare properties and two additional golf courses making it the biggest ever single tourist development in Scotland.

The Dubai-based al-Tajir family, which controls Ochil, said the investment would take place over ten years. The hotel is designed to outclass the current Gleneagles Hotel but, if approved, will be operated by management at Gleneagles. The developers hope it will be fully operational in time for the Ryder Cup in 2014.

The site forms part of al-Tajir’s 20,000 acre Blackford Estate which the family bought in 1977 for £2 million ($3.1 million).

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