Z Hotels to convert Glasgow pub in to budget boutique hotel

UK: The former Old Printworks pub near Glasgow’s George Square has been sold to budget hotel operator Z Hotels.

Z Hotels, which has two properties in London and is opening a third in North John Street, Liverpool, this month, was launched 18 months ago by two former Thistle Hotel executives, Bev King and John Meehan. Its properties compete on price with the likes of Travelodge, but offer a more design-led budget experience. It describes its target market as “urbanites” who want “central hotels with uber-modern interior design”.

Steven Fyfe, senior surveyor at Jones Lang LaSalle, said: “The sale demonstrates there is an appetite for developers, investors and operators to enter the Glasgow hotel market. The development potential of the former Old Printworks building is excellent as the property benefits from full planning and listed building consent, which were both granted for use of the premises as a public house and hotel. The property is also eligible for the Business Premises Renovation Allowance tax-saving equity scheme, which made it even more attractive. The location of the site, at the heart of the city centre, is ideal for a hotel brand which committed to accommodating city dwellers.”

www.thezhotels.com

Be in the know.

Subscribe to our newsletter »