LGIM Real Assets has announced plans to develop a new hotel in Glasgow city centre which has been pre-let to Meininger Hotels on a 25-year lease for its Scottish debut.
The hotel on West George Street will be the second hotel for the Meininger Group in the UK, having operated a hotel in London since 2006, and comes as part of the group’s planned UK expansion. Meininger currently operates 20 hybrid hotels in Europe, with a total of 10,492 beds in 12 European cities including a recent expansion into Russia and is targeting Edinburgh, Manchester and Liverpool for future projects.
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