Glasgow top for hotel investment in Scotland

24 Feb 2020

Glasgow has been named among the UK's most active areas for hotel investment last year, according to analysis from Knight Frank.

The firm's UK Hotel Capital Markets Investment Review 2020 found that Glasgow was the most active city in Scotland, and third in the UK outside  London, with £170 million spent across nine transactions in 2019, comprising  more than 1,700 rooms.

John Rae, head of Knight Frank's Glasgow office, said: "It's been a strong year for investment in Glasgow hotels - a reflection of the fact it is emerging as a highly desirable tourist and events destination. The arrival of the COP26 United Nations climate change conference later this year is indicative of the scale of events that Glasgow can now host and it's a huge opportunity to highlight all the city has to offer.

"There are a substantial number of hotels rooms to be added in Glasgow over the next few years, with a range of well-known and boutique operators confirmed or planning new premises in the city. As they come on stream, we expect hotel investment activity to remain strong in the years ahead as investors increasingly look to alternative property assets."