Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

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.

Tabletalk
Tabletalk
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 www.caterersearch.com/tabletalk

Caterersearch.com jobs

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

Blogs on Caterersearch.com ](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-newsletters](http://www.caterersearch.com/email-newsletters.htm)[ For the latest hospitality news, sign up for our E-newsletters
TagsHotels
The Caterer Breakfast Briefing Email

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

Sign Up and manage your preferences below

Check mark icon
Thank you

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

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking