The property benefits from a central location and the strong corporate and leisure sectors in Glasgow, Scotland’s largest city. The property also includes two restaurant units leased to third party operators.
According to Savills, Glasgow offers a robust conference market, and during the 2022/23 season, the city will host over 200 conferences. It is recognised in the top three UK tech cities outside of London and Glasgow has a growing tech workforce. In a statement, the McGettigans said: “This purchase demonstrates our appetite to grow the Address Collective Brand and we have plans to create a bespoke product that will enhance Glasgow’s hotel offering.
“The building lends itself to a truly boutique hotel and we look forward to the launch of The Address Hotel Glasgow.” Tom Barrett of Savills Hotels added: “We were delighted to advise on this acquisition and source a property that is an ideal addition to the Address Collective.”
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