By Richard Hook2018-10-08T12:30:00
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.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts