MUMBAI:
Cox & Kings owned Meininger Hotels and investor LGIM Real Assets (Legal & General) have signed an agreement for a hotel in Glasgow. The hotel will be located on West George Street opposite Queen Street Train Station and will offer 160 rooms and 590 beds. The opening is scheduled for 2020.
Due to its strategic location in the centre of Glasgow, opposite to Queen Street Train Station which is currently undergoing a major redevelopment, many of the city’s sights, museums and monuments are within walking distance from the hotel. Equally, there are numerous restaurants, pubs and venues nearby. The Gallery of Modern Art is just a 3-minute walk from the hotel and the Royal Concert Hall just 9 minutes.
Due to its proximity to the train station, the hotel is well connected to both local and long-distance destinations, with trains running to the north of Scotland and to Edinburgh, which can easily be reached within 40 minutes. The nearest underground station is also just 160 meters from the hotel.
The Meininger Hotel will have 160 rooms and 590 beds, spread over 5 floors of the new building. The room types will range from classic double rooms through private multi-bed rooms to beds in a dorm room. The public areas such as reception, lobby, lounge, breakfast room and bar as well as a guest kitchen and game zone, which are all typical features of a Meininger, will be located on the first floor of the building. At basement, ground and mezzanine levels the scheme will also create around 1400 sqm of new retail space.
The hotel in Glasgow will be the second hotel for the Meininger Group in the UK. Meininger already operates a hotel in London since 2006.
Hannes Spanring, CEO of the Meininger Hotels, is pleased about the new project: “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.”
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.”
