Mercure Glasgow City Hotel acquired for £7.5m

18th August 2023 | Jack Oliver

S Hotels & Resorts has purchased the freehold of Mercure Glasgow City Hotel from Alternative Income REIT for £7.5m.

The 91-room hotel on Ingram Street features a restaurant and bar, meeting and events facilities, and a number of other amenities.

As the current operator of the hotel, S Hotels & Resorts is now able to undertake a significant refurbishment of the property.

Steven Fyfe, director in the hotel capital market teams at Savills, which advised S Hotels & Resorts, said: “The Scottish hotel market has already seen a threefold increase in investment volumes so far in 2023, with transactions totalling £165 million. This latest acquisition is proof that the sector remains resilient despite a decline in activity elsewhere in the UK. The purchase of the Mercure Glasgow provided a fantastic opportunity for S Hotels & Resorts to take ownership of the site and subsequently take advantage of Scotland’s booming tourism.”


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