Legal & General to deliver major Glasgow city centre hotel development for Menninger Hotels

The hotel has been pre-let to Meinninger Hotels on a 25 year lease.

Legal & General said it is “committed to transforming UK cities and towns through meaningful regeneration, creating new jobs and driving economic growth”.

It added: “As the centre of Glasgow continues to transform, this new development, designed by NORR architects, will form an important part of the cities ongoing regeneration.”

The hotel will be located on West George Street immediately opposite Queen Street Station, which itself is under redevelopment and will provide 160 rooms.

The scheme will also create around 1400 m2 of new retail space at basement, ground and mezzanine levels. The opening is scheduled for 2020 with construction due to begin this year.

Craig Westmacott, Senior Fund Manager, LGIM Real Assets, said: “We are pleased to be working with Meininger Hotels as they seek to expand their successful brand into the UK. This site is an excellent location for a new hotel and together with the redevelopment of Queen Street station will bring significant improvements to this key area of Glasgow city centre.”

Hannes Spanring, CEO of MEININGER Hotels, adds: “Great Britain is a very important market for us and Glasgow as Scotland’s largest city is the perfect location for another MEININGER hotel in the UK. The Glasgow hotel is an excellent addition to our portfolio, due to its prime location in the heart of the city centre.”

The hotel in Glasgow will be the second hotel for the Meinninger Group in the UK.

Meinninger has also been operating a hotel in London since 2006 and is looking to continue to expand into other key UK cities.