NEWS

You are here

Linthouse Business Park Completes Glasgow Govan Travelodge Sale

5th 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.

Categories Investment

Ian Dougherty

Ian is Head of the Investment and Finance Group in Glasgow. His day-to-day role incorporates the acquisition, sale and funding of properties in every sector, specialising in the West of Scotland.

Having previously worked for a plc property company for a number of years, Ian’s experience incorporates a broad range including development, asset management and valuation, which he is able to draw upon when advising clients.

More news from Investment...

OURAWARDS

We pride ourselves on being a market leader and have been recognised for our achievements by the property industry.