Castle Stuart Golf Links near Inverness has been bought by Canadian resort developer Cabot who plans to create a second course that will play around the site’s 400 year-old castle.

Soon to be known as Cabot Highlands, property will also be a key component of the club, with sales expected to begin in 2023.

The legacy property will feature houses and cottages, alongside new retail and restaurant areas. When owners are not in residence, their homes will be available as accommodation for visiting guests.

To be designed by architect Tom Doak, the second course will have “significant water frontage”, but will sit lower than the first course, with less wind exposure. Planning for the course will begin in this autumn, before construction starts in 2023, with an estimated completion date in 2024.

Ben Cowan-Dewar, co-founder and chief executive of Cabot, said: “We are honoured to be a steward of the land and carry the original vision for the property forward - our goal is to create unforgettable memories in magical places, and there are few places in the world more awe-inspiring than the Scottish Highlands.”

Retiring managing partner Grant Sword said: “Cabot is a perfect fit for Castle Stuart and I’m certain the future is rosy - I will be able to enjoy my retirement and playing golf at Cabot Highlands, knowing that Mark Parsinen’s vision will be taken forward and enhanced by a wonderful team.”

General manager Stuart McColm and the existing team at Castle Stuart will continue as part of Cabot.

Stuart McColm said: “I’ve been involved with this special property since 2006 and I too can’t think of a better partner than Cabot to lead our next chapter.

“The future is hugely exciting and we can’t wait to deliver on the many great plans for Cabot Highlands that will bring a significant boost to the region’s economy while at the same time delivering a very special, world class golfing experience.”

Neil McInnes, corporate finance partner at Grant Thornton in Scotland, who advised on the deal, said: “The acquisition of Castle Stuart by Cabot will bring significant investment and jobs to the local area, further boosting the North of Scotland’s visitor economy. “Cabot is a world-class operator of high-quality resorts and we are delighted to have supported them on this transaction through our international network.”