The partners of Great Century have established a strategic plan focusing on global investments within the golf and hospitality industries. This represents Great Century’s first investment.

Fairmont, an Accor brand, continues to manage and operate the hotel under its long-term management agreement.

The 520-acre five-star Fairmont St Andrews resort encapsulates luxury, elegance and truly breathtaking surroundings in the ‘Home of Golf’. The 212-bedroom hotel enjoys spectacular cliff-top views and boasts two championship golf courses, The Kittocks and The Torrance, in addition to a 10-treatment room spa, five restaurants and bars, 3,000sqm of conference and event space and two private Manor Homes, each with four bedrooms.

Dr CYM Chan, co-chairman of Great Century, said: “As a member of The Royal & Ancient Golf Club and a passionate golfer with over 30 years’ experience in the golf & hospitality industries, it is a privilege and an honour to participate closely in the future enhancement of this great property at St Andrews, Scotland, the Home of Golf.”

Dr Peter Lam, chairman of Lai Sun Group and co-chairman of Great Century, added: “I am extremely confident about the future potential that the Fairmont St Andrews holds. I am proud to be a partner in this long-term investment.”

Mr John Keating, general manager of Fairmont St. Andrews, commented: “This partnership marks a special day for Fairmont St Andrews, bringing together the strengths, passions and vision of Great Century, Fairmont and Accor to create greater opportunities for the hotel in the domestic and international markets.”