UK: The luxurious life-style Virgin Resort Glasgow has been dropped at market following the property’s closure 4 months after opening final 12 months.
The property’s proprietor, Lloyd Developments, fell into administration in early December. While Virgin Resorts operated the positioning, its father or mother firm Virgin Group tried to amass the positioning with a purpose to hold it in operation. The provide was not accepted by the lenders.
Savills, on behalf of the joint administrator of Lloyds Developments, is now advertising and marketing the lodge at 264 Clyde Road.
The posh 17-storey lodge overlooks the River Clyde within the centre of Glasgow. It function 165 bedrooms with capability for as much as 242, a floor ground restaurant and bar, a mezzanine bar and lounge, a versatile terrace space, and convention and assembly area for as much as 60 delegates.
Steven Fyfe, director within the lodge capital markets group at Savills Scotland, mentioned: “It is a uncommon likelihood for a purchaser to safe a main asset that has been fitted out to a wonderful commonplace according to a luxurious life-style lodge with the opportunity of being in an earnings producing place from day one. S
“Located in a main location inside Glasgow metropolis centre, the lodge is only a brief stroll from Glasgow Central Station and Buchanan avenue, in addition to being in shut proximity to all of Glasgow’s key demand drivers. Given its wonderful credentials, we anticipate a major stage of curiosity from a worldwide pool of patrons,” he added.
