Whitbread puts £8.5m Glasgow Premier Inn on market

The Premier Inn Glasgow City Centre (Charing Cross) has come to market free and clear of the current branding, presenting a unique opportunity to acquire a long leasehold hotel in Scotland’s largest city. It is being offered with a guide price of £8.5m.

The opportunity has come to the market as Whitbread, the owners of the Premier Inn hotel, is reconfiguring its network of hotels in Glasgow City Centre, following the opening of the 249-bedroom Premier Inn and Bar + Block restaurant at St Enoch Square in June 2021.

Located just off the M8 motorway by Glasgow’s Charing Cross railway station, with superb connectivity to Glasgow Queen Street and Central stations and Glasgow International Airport, this 278-bed hotel offers an unrivalled and highly accessible trading location in the heart of central Glasgow.

The property is perfectly located for nearby demand drivers, including the Scottish Exhibition and Conference Centre (SECC), OVO Hydro Glasgow (Scotland’s premier music and entertainment venue) and the main business and leisure hub of Glasgow.

Jeremy Jones, Head of Hotels Brokerage of Christie & Co’s Hospitality team is handling the sale and commented, “This sale presents a fantastic opportunity to acquire a very well-located hotel in central Glasgow, with a range of asset management opportunities. We anticipate this opportunity will generate high levels of interest from a wide range of buyers.”