30

August

New ibis Styles opens in Glasgow

ibis Styles Glasgow Centre West has opened in Glasgow’s International Financial Services District (IFSD) following an £11.25 million investment led by the UK-based private equity and property manager Maven Capital Partners.

Previously an empty 40,000 sq ft 1960s office block, Maven purchased the building in 2017 and it has since undergone a comprehensive redevelopment to turn it into a 137-bedroom hotel.

The hotel has been branded as an ibis Styles under a franchise agreement with AccorHotels, and will be managed by RBH. This is the second property Maven, AccorHotels, and RBH have partnered on in Glasgow, the first being ibis Styles Glasgow Centre George Square.

Located on the corner of Douglas Street and Waterloo Street in the city centre, ibis Styles Glasgow Centre West is the latest hotel asset to join Maven’s growing property portfolio, where the team now manages 20 property investments with a combined Gross Development Value in excess of £295 million.


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