Summary
A rare opportunity to acquire a four-star full service hotel in a prime Glasgow city centre location.
Location
The Hotel benefits from a prominent location with good visibility occupying a corner site at the junction of Waterloo Street and Blythswood Street in the city centre within the IFSD. The Hotel is also a short walk from Buchanan Street, the UKs biggest retail destination outside London and provides easy access to The Scottish Event Campus (SEC) which includes the SEC Centre, SEC Armadillo and SSE Hydro.
Cushman & Wakefield and JLL Hotels & Hospitality Group are pleased to present for sale the 4-star, 94-bedroom Hotel Indigo Glasgow (the Hotel). The Hotel is offered with the benefit of a franchise agreement with IHG Hotels Limited (IHG) under their Indigo brand, and provides the opportunity to invest in a prominent, high quality asset located in the city centre of Glasgow.
The Opportunity
- Highly visible location in Glasgow's International Financial Services District (IFSD) in close proximity to major corporate and leisure demand generators.
- Well-connected location being within a three-minute walk of Glasgow Central Station and an eleven-minute walk of Glasgow Queen Street Station.
- Full-service 4-star, 94 bedroom hotel with excellent food and beverage facilities including cocktail bar, Marco Pierre White Steakhouse Bar & Grill restaurant and guest gym.
- Landmark Victorian building with strong historical connections having originally been built in the 19th Century as Glasgow's first power station.
- Well invested asset having been converted from offices in 2010 / 11 and currently benefiting from a soft refurbishment which is scheduled for completion in early 2018.
- Currently managed by Interstate Hotels & Resorts. The asset offers operational flexibilities and the benefit of a franchise agreement with IHG under their Indigo brand.
- Consistent and strong trading performance yet offering further growth potential through asset management opportunities.
- Established operating business with a loyal local corporate client base.