Central Glasgow ibis sold to international group
Original Article Summary
An ibis hotel has been sold to an international hotel group for approximately £7.5 million. The 101-bedroom hotel, located on Miller Street in Glasgow city centre, was developed by Maven clients in 2014 and opened in September 2015. Since launch, the hotel has traded under the ibis Styles brand, part of the Accor group. Paul […] The post Central Glasgow ibis sold to international group appeared first on PropertyWire.
PropMatch Curated Analysis
Glasgow city centre ibis hotel sold for £7.5m delivering 1.40x return to investors plus tax relief benefits. Sale demonstrates successful exit strategy for commercial hospitality investments.
Investor Relevance
Shows potential returns from commercial hotel investments and highlights Business Premises Renovation Allowances tax benefits. Relevant for investors considering mixed-use or commercial property strategies.
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