Singapore's Heeton secures Glasgow's Hotel Indigo

Heeton Hotel-indigo-glasgow-night

Maven Capital Partners has completed the £14.5m sale of the four-star Hotel Indigo Glasgow to Singaporean investor Heeton Holdings.

The deal has been structured to includes the sale of the interest in the hotel to a Ground Rent Fund and the long leasehold interest to Heeton which has acquired the trading business of the 94-room hotel and the in-house Marco Pierre White Steakhouse Bar & Grill restaurant, cocktail bar and guest gym. Maven claims it is one of the first hotel deals to be structured this way.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue