Linthouse Business Park Completes Glasgow Govan Travelodge Sale Image

Linthouse Business Park Completes Glasgow Govan Travelodge Sale

05 March 2019

Linthouse Business Park Completes Glasgow Govan Travelodge Sale

05 March 2019

Linthouse Business Park Ltd, advised by Ryden, has successfully completed the development and onward sale of Glasgow Govan Travelodge, a 60-room hotel with an on-site restaurant called the Bar-Café, at its site in Linthouse Road, Govan in Glasgow.

Travelodge, UK’s largest independent hotel brand, entered into a pre-letting of the property, which is located close to the recently opened Queen Elizabeth University Hospital, Europe's largest critical care complex currently serving 41% of Scotland's population. The hotel development was completed in January 2019, ahead of schedule, and is now open. 

The hotel was acquired by a private investor for £5.26m, an initial yield of 5.59%, following a competitive closing date. 

Ryden acted on behalf of Linthouse Business Park Ltd whilst CBRE (Belfast) represented the purchaser.