The Caterer

Hilton Glasgow sold to Topland Group

23 September 2011 by
Hilton Glasgow sold to Topland Group

The 319-bedroom Hilton Glasgow has been sold to international investment company the Topland Group for £35.7m.

Situated on William Street in the city centre, the hotel has been sold by the Royal Bank of Scotland, which completed the transaction within four working days. It is operated by Hilton Worldwide on a 30-year lease from 2001, producing a turnover-based rent which has consistently exceeded the base rent.

Clive Bush, managing director operations of Topland said: "The property offers a long term secure income stream and is typical of the type of investments which we are seeking. This is the second time in recent months we have completed a major transaction in four days."

Topland was advised by Maclay Murray & Spens.

Hilton Glasgow Grand Ballroom in £1.7m refurbishment >>

Glasgow Hilton outbreak confirmed as norovirus >>

£25m green hotel opens in Glasgow >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on ]( Catch up with more news and gossip on all Caterer's blogs
[E-newsletters]([ For the latest hospitality news, sign up for our E-newsletters
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!