LGIM Real Assets has signed a deal with Meininger Hotels to develop the 160-room building on West George Street, opposite Queen Street Train Station.
Designed by NORR Architects, the five-storey hotel will include a reception, lobby, lounge, breakfast room and bar as well as a guest kitchen and game zone. At basement, ground and mezzanine levels the scheme will also create around 1,400 sq ms of new retail space.
Craig Westmacott, Senior Fund Manager, LGIM Real Assets, said: "We are pleased to be working with MEININGER Hotels as they seek to expand their successful brand into the UK. This site is an excellent location for a new hotel and together with the redevelopment of Queen Street station will bring significant improvements to this key area of Glasgow city centre."
-- Advertisement --
Hannes Spanring, Chief Executive Officer of Meininger Hotels, said: "Great Britain is a very important market for us and Glasgow as Scotland's largest city is the perfect location for another MEININGER hotel in the UK. The Glasgow hotel is an excellent addition to our portfolio, due to its prime location in the heart of the city centre."
Derek Reid, Project Director for Architects NORR Consultants, stated: "We are immensely proud to have assisted Legal + General and MEININGER Hotels in achieving not only this milestone, but also the recent milestone of securing Planning permission.
"Our design for the building seeks to balance an appropriate response to a strategic location within Glasgow City Centre Conservation Area with capturing the exciting dynamic of the MEININGER Hotel brand. We look forward to continuing our role on the project through to project completion and opening."
(LM/MH)
