Property of the Week

Twinned Glasgow hotels carry a combined price of £3.5m

(17 August 2006 16:23)
Argyll hotel

Two sister hotels that face each other across the street in Glasgow’s West End have been put on the market for a combined price of £3.5m.

The three-star Argyll guesthouse and the Angus B&B are directly opposite each other on Sauchiehall Street and are renowned for their hanging basket displays.

The fully-licensed Argyll hotel has 38 en-suite bedrooms and a 65-seat restaurant and bar that is also used by guests at the smaller 20-bedroom Angus hotel. The Angus also has a serviced apartment.

The sale is being handled by the Glasgow office of Christie + Co.

“We are seeking offers in excess of £3.5m for the two hotels as a package and, although the sale could be split, they run perfectly together as they achieve outstanding profits,” commented David Reid at Christie + Co’s Glasgow office.

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Angus-hotel_100x100
The Angus hotel

By Angela Frewin

Source: CatererSearch

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23rd November 2008