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James

Race is on to snap up plush hotel site (Evening Times)



A site earmarked for a new upmarket Glasgow hotel near the banks of the Clyde
is expected to be snapped up for millions of pounds.


Global hotel chains and developers are squaring up for a big-money bidding
war even though the plot of land is only half the size of a football pitch. The
location between Finnieston Street and the SECC, formerly set aside for a super
casino, covers less than half an acre.

But there has been a flood inquiries from rival firms across Britain as well as
overseas since SECC bosses, who own the land, made it available on a 175-year
lease. Interest has been generated by the location and the fact that outline planning
permission has been granted for a three or four star hotel with 150 bedrooms
over 10 floors.

Detailed plans have since been lodged with Glasgow City Council for an extra 29
bedrooms. A neighbouring multi-storey car park with 1600 spaces is also planned.
The hotel will sit next to the proposed 66 million Scottish National Arena being
built in time for the Commonwealth Games in 2014.

CB Richard Ellis Scotland has been appointed sole selling agent and has announced
that bids must be lodged by February 23.



James H
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