Turnberry, the venue which is due to host the 2009 Open Championship, is to be sold to a Dubai-based investment and development firm for £55 million.
Leisurecorp, part of the Dubai World group, has signed a Letter of Intent with the present owners Starwood Hotels & Resorts Worldwide.
As well as acquiring the golf resort, which has two 18-hole Championship courses, Leisurecorp will gain control of the nine-hole Aaron Course and Colin Montgomerie Links Golf Academy.
The firm already own the Jumeirah Golf Estates - home to the Dubai World Championships and the European Tour International Headquarters - and the Pearl Valley Gold Estates which hosts the South African Open.
Alan Rogers, group chief executive officer of Leisurecorp, commented: "Our ambition at Leisurecorp is to become one of the world's leading sports and leisure companies.
"Next year, Leisurecorp will be involved in an incredible hat-trick of golf tournaments across three continents - the world's oldest tournament, the Open Championship;,Africa's oldest tournament the South African Open and the Dubai World Championship."
Turnberry, the venue which is due to host the 2009 Open Championship, is to be sold to a Dubai-based investment and development firm for £55 million.
