Dive Brief:
- AJ Capital Partners acquired the Mid Pines Inn and Pine Needles Lodge in Southern Pines, North Carolina, according to an announcement Thursday. The Nashville, Tennessee-based real estate and hospitality firm plans to renovate and convert the properties under its golf-focused Marine & Lawn Hotels & Resorts brand.
- The 1920s-era sister properties sit beside championship golf courses Mid Pines and Pine Needles. AJ Capital plans to restore and renovate both hotels, as well as add new dining concepts.
- The acquisitions are part of a broader expansion of the U.K.-based Marine & Lawn brand, which is also growing its footprint in Scotland. Mid Pines Inn and Pine Needles Lodge are Marine & Lawn’s first properties in the U.S.
Dive Insight:
Marine & Lawn “takes a refined approach to hospitality, design, world-renowned dining, and prime access to some of the world’s most prestigious golf courses,” according to AJ Capital.
With the recent additions — which include the acquisition of the historic Greywalls Hotel in Scotland — Marine & Lawn will boast eight properties across the U.K. and the U.S.
AJ Capital CEO and founder Ben Weprin said the acquisitions represent “a pivotal milestone for Marine & Lawn.”…