The operator of a Glasgow city center hotel has fallen into administration this week, with trading now halted and all staff made redundant.
Derek Forsyth and Nicola Banham, partners of Azets, have been appointed joint directors of Bracknell Property LLP and Bracknell Property Subco Limited.
Bracknell Property LLP has an interest in the lease of 139-141 West George Street Glasgow, a prominent city center building which operated as a hotel business under the Pocotel Glasgow City Center brand. Bracknell Property Subco Limited has sold the hotel, which has 91 bedrooms, two conference rooms, a restaurant and a lobby bar.
EDINBURGH-based Apex Hotels recorded pre-tax losses of £16.4million for the year to April 30, 2021, a period dominated by restrictions and closures triggered by the coronavirus pandemic.
the Businesswhich is owned by the Springford family and has 10 hotels and 920 staff, had made a profit of £7million in the previous 12 months.
PLANS to develop the giant Cambo field off Shetland are set to be revived after an Israeli-owned company acquired the company leading work on the controversial project.
Ithaca Energy has agreed to buy Siccar Point Energy in a deal worth up to around $1.5bn (£1.125bn).
One of Britain’s largest holiday park groups, Park Holidays UK, has been acquired by US property investment company Sun Communities Inc.
Sun’s support will allow Park Holidays UK, which currently owns and operates 42 parks in England and Scotland, including Ayrshire and Lossiemouth, to continue to invest in its existing high-quality holiday resorts and expand further. its portfolio of parks, it is claimed.
A CONSULTATION is underway on plans for a 200 bedroom hotel on the A8 at Edinburgh Airport.
Creos plans to create a “historic hotel” on the East Mains site, in Ingliston. The eight-story four-star hotel should also have a “sky bar”.
Ian McConnell on Wednesday: These are major blows to Scotland’s reputation and should be seen as such
Ian McConnell on Friday: Why did these Tory Brexiters think it was a good idea?