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Last Updated: Friday, 30 May, 2003, 11:58 GMT 12:58 UK
Madonna wedding castle sold
Skibo Castle sits in a 7,000-acre estate
The world-famous Scottish Highlands retreat where the singer Madonna married has been sold.

Skibo Castle has been bought for an undisclosed sum by a small group of members of the Carnegie Club.

The exclusive hotel is home to the club, which is named after the Scottish-born steel tycoon and philanthropist Andrew Carnegie.

The sale was forced by a group of American institutional shareholders who offloaded their majority stake in the property.

Millionaire businessman Peter de Savary took over Skibo 13 years ago and transformed it into a mecca for the rich and famous.

Madonna wed Guy Ritchie there in December 2000 and Sean Connery and former US President Bill Clinton have played the resort's championship golf courses.

The new owners say they aim to take Skibo to an even higher level.

Mr Savary is now planning to developing a similar venture at Bovey Castle in Devon.

The castle has 20 bedrooms and prices are said to be in the region of 700 a night.

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