HOTEL

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HOTEL

PROSPECTUS


EXCEPTIONAL

INVESTMENT

OPPORTUNITY

GLASGOW’S PROFILE AS A TOP INTERNATIONAL

TOURISM DESTINATION HAS GONE FROM

STRENGTH TO STRENGTH. BUSINESS TOURISM,

WORLD-CLASS RETAIL, MAJOR ATTRACTIONS

AND GLOBAL EVENTS ARE ALL DRIVING

DEMAND FOR ADDITIONAL HOTEL ROOMS.

THE CITY IS NOW WIDELY RECOGNISED AS ONE

OF THE WORLD’S MUST-VISIT DESTINATIONS.

£687M

SCOTLAND’S LARGEST CITY AND BUSINESS CAPITAL. IN 2014

GLASGOW ATTRACTED 2.7M INTERNATIONAL AND DOMESTIC

TOURISTS, GENERATING £687M FOR THE LOCAL ECONOMY.

TOP IN THE UK

FOR RETAIL

OUTSIDE OF

LONDON’S

WEST END.

(CACI 2014)

FIRST-CHOICE HOST FOR MAJOR

INTERNATIONAL EVENTS AND

CONFERENCES WITH CONFIRMED

BUSINESS UNTIL 2022 AND BIDDING

FOR BUSINESS UP TO 2026.

SSE HYDRO IS

RANKED TOP

GLOBAL VENUE

(BILLBOARD) AND 3RD

IN THE ‘TOP 100

WORLDWIDE ARENA

VENUES’ (POLLSTAR).

WELCOME TO GLASGOW

UK’S FIRST UNESCO CITY

OF MUSIC HOSTING 130

MUSIC EVENTS EVERY WEEK.

ENSURING WORLD-CLASS CUSTOMER

SERVICE WITH ITS INDUSTRY-LED

INITIATIVE – ‘GLASGOW WELCOMES’.

Glasgow’s fully rounded economy generates

travellers for commerce, leisure, conventions

and events year round. This is not a seasonal city

with an August peak; it’s a flourishing destination

where hotels enjoy year round high occupancy.

Glasgow ranks in the top 75 of the world’s financial centres,

and is home to world-class financial companies such as JP

Morgan, Morgan Stanley, HSBC, Barclays Wealth and Santander

who run major operations here.

It’s also home to global brands, including Jacobs Engineering,

Fraunhofer Gesellschaft, Iberdrola, Lockheed Martin,

GlaxoSmithKline, Dell and O2. As a result, corporate business

travellers represent 32% of hotel room occupancy in Glasgow.

SCOTLAND’S CONVENTION CAPITAL

Glasgow’s reputation as a tourism, convention and events

centre is well founded. A host of world-class hotels can be found

in the city. These include Hilton, Marriott, Radisson Blu, Crowne

Plaza, Hotel du Vin, citizenM and Malmaison.

Glasgow has the capacity and credibility to welcome more

conference delegates than every other Scottish city combined,

making it a premier European business tourism destination.

In 2014/15 this amounted to more than 350,000 delegate days

– a 13% growth year on year (financial year 2013/14 more than

310,000 delegate days). Conferences are confirmed in the city

to 2022, with bids in place until 2026. Delegates account for

one in five hotel room bookings.

There are more than 7,100 rooms in the city centre, with an

average occupancy rate of 81.7% (STR Global, 2015). With a

range of exciting new developments – either recently opened,

coming to fruition soon or planned - from hotel brands including

Accor, Hampton by Hilton, Dakota Deluxe, Radisson Red, Motel

One and Innside by Melia, Glasgow will add almost 1,500 hotel

rooms to its accommodation stock. As a major event hot-spot,

however, more hotel rooms are required to meet current and

future demand in the city.

HOTELS REGULARLY

OUTPERFORM KEY EUROPEAN

COMPETITORS INCLUDING

PARIS, ROME, BARCELONA,

VIENNA & AMSTERDAM.

VOTED WORLD’S

FRIENDLIEST CITY

(ROUGH GUIDES 2014)

ONE IN FIVE GUESTS IN A HOTEL

ARE HIGH YIELD DELEGATES.

30 NEW DIRECT ROUTES

FOR 2016 INCLUDE MONTREAL,

TORONTO, MARSEILLE AND

SEOUL, OPENING GLASGOW

UP TO EVEN MORE VISITORS.

VISITOR SATISFACTION HAS

RISEN YEAR-ON-YEAR AND IN

2014 IS AT A NINE-YEAR HIGH.

£10.5+ BILLION

CAPITAL INVESTMENT

HOTEL

OCCUPANCY

AND REVENUES

REACHING RECORD

HIGHS. 2015

OCCUPANCY

HAS REACHED

81.7% WITH

81.7%

REV PAR

AT £58.49.

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WHY GLASGOW?

With a can-do attitude, a commitment to being the most businessfriendly

city in the UK, and two million visitors a year – it’s people that

make Glasgow different.

READY FOR BUSINESS

FORWARD-THINKING CITY

Top businesses choose Glasgow for many reasons.

They say it’s because of the quality and loyalty of the

flexible and qualified workforce, the cosmopolitan

feel of a large city, great access, world-class and

cost-effective office space and one of the most

sophisticated and competitive telecommunications

environments in Europe.

• since 2011, the city has received more than £10.5

billion in capital investment across housing, retail,

health, education, hotels, offices and leisure.

• an economic powerhouse – Glasgow generates

£19.3 billion gross value added (GVA) every year to

Scotland’s economy, representing 16.3% of

wealth generation.

• from 2013 to 2014 Glasgow’s GVA increased by 7%

- the highest increase of any UK city.

Glasgow is a leading light in sustainability and

resilience. It is:

• the first and only Scottish city to secure City Deal

funding from the UK and Scottish Governments.

£1.13 billion will fund major infrastructure projects,

drive innovation, address challenges in the region’s

labour market and lever £3.3 billion of private

investment.

• making clever use of smart technologies and data

to grow the economy and enhance quality of life

through the £24 million Future Glasgow project

which is now delivering practical benefits for

residents, public services, businesses and visitors

as well as attracting high value, hi-tech jobs to

the city. Glasgow received the Geospatial World

Excellence Award 2015 for its transformation into a

‘smart city of the future’.

• highly qualified and flexible workforces – it’s what

every employer needs. Glasgow’s one of Europe’s

top ten cities for business friendliness and human

resources and fDi Magazine’s runner up in the ‘Top

Large European City for Business Friendliness’.

• excellent transport links – the city is served by

three international airports with direct flights from

over 135 destinations. Once you arrive, getting

about is easy by road and rail.

• office, leisure and retail space – to suit every

type and size of business – and exciting new

development opportunities too.

• setting its sights on becoming one of Europe’s most

climate-ready regions. Communities across the

region are being transformed and future-proofed

as a result of investment in green networks,

incorporating sustainable urban drainage, as well

as large-scale flood prevention schemes.

• one of the first 33 cities selected through the

Rockefeller Foundation’s 100 Resilient Cities

Centennial Challenge – one of only five in Europe

and two in the UK.

• home to world class facilities that support the

development of renewable energy solutions.

Implementation of the city’s economic

strategy is led by a private-public,

cross-sector partnership overseeing

the delivery plans for our key growth

industries which are:

• Financial & Business Services

• Low Carbon Industries/Cleantech

• Engineering, Design and Manufacturing

• Tourism & Events

• Life Science

• Higher & Further Education

£1.13BN

SECURED CITY

DEAL FUNDING

‘SMART

CITY

OF THE

FUTURE’

(GEOSPATIAL WORLD

EXCELLENCE AWARD 2015)

EUROPEAN CITIES

SELECTED THROUGH THE

ROCKEFELLER FOUNDATION’S

100 RESILIENT CITIES

CENTENNIAL CHALLENGE

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BUSINESS TOURISM

Glasgow is the conference capital of Scotland, with the capacity to host

more conferences, and welcome more delegates, than Scotland’s six other

cities combined. In the UK, Glasgow is second only to London in attracting

international conference delegates. The International Conference and Congress

Association ranks Glasgow in the top 40.

One in five bedrooms sold in Glasgow is to a

conference delegate. This is set to increase with

new venues coming on stream. Glasgow’s tourism

business isn’t seasonal; with a year-round conference

calendar, Glasgow is always open for business.

Conference delegates spend significantly more than

short break tourists and are high yield individuals.

21% of delegates are from out-with the UK and

contribute to RevPAR growth.

Glasgow City Marketing Bureau (GCMB) together

with city partners including the SECC, the

universities, NHS Greater Glasgow and Clyde,

venues and hotels, secured conventions business

worth £140 million in 2014/15 – almost £2.7 million of

new business per week – representing a 3% yearon-year

increase.

Between April 2014 and March 2015, GCMB’s

Convention Bureau – which competes worldwide

to bring conference business to Glasgow – worked

with the SECC and a range of city partners to confirm

504 new international and UK conventions through

to 2022.

MAJOR CONFERENCE BUSINESS INCLUDE THE:

• 2016 Royal College of Nursing Annual

Congress

• 2016 International Conference on Drug Therapy

in HIV

• 2016 and 2017 All Energy Exhibition – the largest

renewables event in the UK

• 2018 European Congress on Emergency

Medicine

• 2019 British Association of Urological Surgeons

Meeting

• 2022 World Congress of Soil Science

Together these seven conferences will bring

almost 30,000 delegates from across the world

to Glasgow and providing a boost of nearly £40

million to the local economy. (Source: GCMB)

SCOTTISH EXHIBITION & CONFERENCE CENTRE AND THE SSE HYDRO

The opening of The SSE Hydro on the Scottish Exhibition + Conference Centre (SECC) campus in Glasgow has boosted the city’s

major event and conference credentials even further. With a total capacity of 12,500, The SSE Hydro plays host to around 140 events

every year (from national and international music mega stars to global entertainment and sporting events) and has the potential

to inject £131 million annually into Glasgow’s economy.

ONE IN FIVE BEDROOMS

SOLD IN GLASGOW IS TO A

CONFERENCE DELEGATE.

THE ABOVE SEVEN CONFERENCES

ALONE PROVIDE A NEAR £40 MILLION

BOOST TO THE LOCAL ECONOMY.

THE SSE HYDRO PLAYS HOST TO

AROUND 140 EVENTS A YEAR.

The SSE Hydro is ranked top global venue by Billboard and ranked 3rd in Pollstar’s “Top 100 Worldwide Arena Venues”. This has

boosted visitor numbers to the SECC campus to over 2 million per year. These visitors need to be accommodated and with occupancy

levels at an all-time high, there is an exceptional investment opportunity for additional hotel development in Glasgow.

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MAJOR ATTRACTIONS

& GLOBAL EVENTS

ESTIMATED ATTENDANCES AT

MAJOR EVENTS IN GLASGOW 2014/15

ANNUAL EVENTS

Merchant City Festival

VISITORS

200,000

Celtic Connections 110,000

Glasgow International Comedy Festival 78,000

Doors Open Day & Wee Open Doors Day 73,000

Glasgow Film Festival 40,000

Piping Live! 40,000

World Pipe Band Championship 32,000

Glasgay! 19,000

Aye Write! 13,000

Scottish Irish Dancing Championships 7,500

MOST POPULAR VISITOR

ATTRACTIONS IN GLASGOW 2014

ATTRACTION

VISITORS

Kelvingrove Art Gallery and Museum 1,122,000

Riverside Museum 1,047,000

Gallery of Modern Art 622,000

People’s Palace 380,000

Glasgow Royal Concert Hall 228,000

The Burrell Collection 172,000

Trongate 103 162,000

Tramway 154,000

St Mungo Museum 127,000

City Halls & Old Fruitmarket 118,000

Provand’s Lordship 79,000

Glasgow museums are free and

attract millions of visitors every year.

Glasgow’s Riverside Museum was

awarded 2013 European Museum

of the Year, the fi rst time a Scottish

museum has been awarded the

prestigious accolade.

Glasgow was crowned top place for UK concerts outside of London in the UK’s top 100 list, compiled

by PRS for music. The city has eight venues in the top 100 list of places to watch gigs − more than any

other UK city, except London.

Glasgow’s calendar of major events and conventions stretches to 2022 and is available online:

www.glasgowmajorevents.com

2015

Celtic Connections

All Scotland Irish Dancing

Championships

Glasgow Film Festival

Glasgow International Comedy Festival

IPC Swimming World Championships

Merchant City Festival

Piping Live!

World Pipe Band Championships

UDO World Street Dancing

Championships

Turner Prize

2015 World Gymnastic Championships

MOBO Awards

Aye Write!

HSBC IRB World Sevens Series -

Glasgow 7s

West End Festival

2016

Celtic Connections

Glasgow Film Festival

All Scotland Irish Dancing

Championships

Glasgow Indoor Athletics Grand Prix

Glasgow International Comedy Festival

Glasgow Restaurant Festival

Gymnastics World Cup

Betway Premier League Darts

World Irish Dancing Championships

Glasgow International Festival of

Visual Art

West End Festival

Scottish Athletics National

Championships

World Street Dance Championships

Glasgow Jazz Festival

2016 Open Championship

Merchant City Festival

Piping Live!

World Pipe Band Championships

British & Irish Masters Cross Country

Championships

European Curling Championships

Glasgow Badminton Grand Prix

Gymnastics World Cup

Glasgow Retail Festival

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TOP 10 UK DESTINATIONS FOR

OVERSEAS VISITORS

RANKING COUNTRY VISITS

No. 1 London 17.4 million

No. 2 Edinburgh 1.6 million

No. 3 Manchester 998,000

No. 4 Birmingham 944,000

No. 5 Glasgow 622,000

No. 6 Liverpool 606,000

No. 7 Oxford 490,000

No. 8 Bristol 447,000

No. 9 Brighton / Hove 423,000

No. 10 Cambridge 418,000

Office for National Statistics: International Passenger Survey (IPS) 2014

WHY PEOPLE VISIT... AND RETURN

In the UK, Glasgow is second only to London’s West End as

a shopping destination. Retail is one of the key drivers of

Glasgow’s success as a tourist destination, with more than half

a million square metres of retail floor space and 3,000 business

units generating a massive turnover of £3.7 billion in 2012,

representing 14% of Scotland’s retail turnover.

SKILLED WORKFORCE

In fact, more people work in tourism in Glasgow than any other

Scottish city. 30,000 people work in Glasgow’s tourism industry,

representing 14.5% of the total tourism-related workforce in

Scotland. In addition, 130,000 students are looking for work whilst

they study in the city, over 7,000 of these are studying hospitality,

leisure and tourism related courses. Led by the industry, the city

is investing to deliver truly world-class customer service, through

the ‘Glasgow Welcomes’ Tourism Service Initiative. This will

ensure a highly qualified skills supply for the tourism industry.

Glasgow has overtaken Liverpool as the fifth most visited UK city by international tourists and

ranks ahead of Oxford, Bristol, Brighton, Cambridge, Leeds, York, Cardiff and Newcastle.

GLASGOW ACCOMMODATION

ACCOMMODATION BY STAR RATING

Hotels 85 (70%) 31 (25%) 6 (5%)

Bedrooms 5,994 (56%) 3,792 (35%) 898 (8%)

Source – GCMB (2015)

STR GLOBAL FIGURES: 2012-2015

GLASGOW 2012 2013 2014 2015

Occupancy 75.7% 78.5% 82.3% 81.7%

Avg. room rate £59.47 £61.26 £71.91 £71.63

• In 2013, the majority of overseas visitors to Glasgow cited leisure

activity as the reason for their trip (51%); whilst almost a quarter

(27%) visited friends and relatives, and 17% were business

travellers.

• The majority of UK visitors to Glasgow also cited leisure activity

as the purpose for their visit (55%); whilst 15% were business

travellers and 13% visited friends and relatives.

• UK visitors stay for an average of 2.7 nights; whilst overseas

visitors stay for an average of 5.2 nights.

• More than half of all visitors to the city stay for two nights or

more. Glasgow also compares strongly to other European cities

appearing in the Top 10 for average hotel occupancy rates.

Revenue per available room £45.05 £48.08 £59.16 £58.49

SCALE OF

OPPORTUNITY

GLASGOW’S TOP 10 INTERNATIONAL VISITOR MARKETS (2014)

SPEND (MILLIONS) NUMBER OF ROOM NIGHTS NUMBER OF VISITS

RANKING COUNTRY VISITS RANKING COUNTRY VISITS

RANKING COUNTRY VISITS

No. 1 USA £38m No. 1 Poland 402,000 No. 1 USA 98,000

No. 2 China £23m No. 2 USA 388,000 No. 2 Germany 63,000

In 2014 Glasgow attracted 2.7 million

international and domestic tourists, generating

£687 million for the local economy. Almost

a quarter of visitors to Glasgow are from

overseas with the largest proportions from the

USA, Germany, Poland, Canada and Australia.

POPULATION

REGION

PEOPLE

Glasgow 600,000

Glasgow Area

1.75 million

Scotland

5.25 million

Source: General Register Office for Scotland

No. 3 Australia £23m

No. 4 Germany £14m

No. 5 Canada £14m

No. 6 Poland £9m

No. 7 Spain £8m

No. 8 New Zealand £8m

No. 3 Australia 285,000

No. 4 China 210,000

No. 5 Germany 206,000

No. 6 Canada 183,000

No. 7 Sweden 134,000

No. 8 India 120,000

No. 3 Poland 47,000

No. 4 Canada 41,000

No. 5 Australia 39,000

No. 6 Netherlands 32,000

No. 7 Ireland 24,000

No. 8 Spain 22,000

No. 9 India £6m

No. 9 Spain 91,000

No. 9 Italy 21,000

No. 10 Italy £6m

No. 10 Netherlands 82,000

No. 10 France 19,000

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GLASGOW’S SHORT BREAK LEISURE TOURISTS ARE ATTRACTED TO THE CITY FOR:

SHORT BREAKS

Glasgow was recently voted the ‘friendliest city in the world’ in a Rough

Guides poll and named a must visit destination by leading publications

like the New York Times, The Guardian and Wanderlust.

Glasgow is one of Europe’s most vibrant and cosmopolitan cities, where business, sport

and international culture flourish. The city that inspired the art nouveau genius, Charles

Rennie Mackintosh, is now a dynamic 21st century metropolis.

A SHOPPING MECCA

With more than half a million square metres of retail floor

space, Glasgow is the UK’s largest and most successful

shopping location outside of London and the retail footprint

is growing by a further 25%.

FOOD & DRINK

Glasgow’s food and drink scene is vibrant and firmly part

of the city’s unique culture. Glasgow’s culinary offering is

imaginative and cosmopolitan and the range of choice for

visitors is breath taking, with new restaurants popping up

all the time. This distinctive food and drink experience is

guaranteed to enhance the visitor experience in the city.

WORLD-CLASS CULTURE

Home to the Royal Scottish National Orchestra, National

Theatre of Scotland, BBC Scottish Symphony Orchestra,

Scottish Opera and Scottish Ballet, and an internationally

acclaimed reputation in contemporary art, design and music.

A CENTRE OF EXCELLENCE FOR VISUAL ARTS

Seven Turner Prize winners, including the 2014 winner, and 11

nominees have lived, trained or worked in the city in recent

years. Due to the city’s track record of success at the event,

it was chosen to host the Turner Prize Awards in 2015.

A UNESCO CITY OF MUSIC

A UNESCO City of Music since 2008; the first UK city and

one of only six in the world. Glasgow is a city with secondto-none

music credentials, having secured events such as

the MTV Europe Music Awards and the MOBOs. There are

130 music events every week in Glasgow; music generates

an estimated £75 million for the city’s economy each year.

EUROPE’S FINEST CIVIC ART COLLECTIONS

Two of the finest civic art collections can be found in

Glasgow, at the Burrell Collection and Kelvingrove Art

Gallery and Museum.

WORLD-CLASS EDUCATION FACILITIES

Home to five higher education institutions and three super

colleges which attract over 130,000 students every year,

and their families.

GREAT NATURAL BEAUTY

The archipelago of the Clyde Coast and Islands and the

Highlands’ stunning scenery is on the city’s doorstop,

just 45 minutes away.

GLASGOW RATES HIGHLY IN

COMPARISON TO OTHER UK CITIES

FOR QUALITY OF LIFE.

Mercer Quality of Life Survey, 2015

‘GLASGOW IS SCRUBBED UP AND

GLEAMING, GLASGOW FLEXES CULTURAL

MUSCLE, ARTFULLY BURNISHING ITS

INDUSTRIAL CITYSCAPE.’

Glasgow named in 2016 National Geographic Traveller Top 20 Must See Places alongside New York,

the Seychelles and Bermuda. Glasgow is highlighted for its art, architecture and music.

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Calgary

Vancouver

Enontekio Rovaniemi

Kittila

WORLD CLASS CITY

Las Vegas

Halifax

Montreal

Toronto

New York

Orlando

Miami North America

& Caribbean

Varadero

Cayo Coco

Cancun

Holguin

Montego Bay Bridgetown

Reykjavik

Stornoway

Benbecula

Barra

Tiree

Sumburgh

Kirkwall

Islay

Campbeltown GLASGOW

Donegal Derry

Belfast

Isle of Man

Dublin

Leeds Bradford

Manchester

Nottingham

Cork

Birmingham

East Midlands

Newquay

Bristol

London

Southampton

Billund

Amsterdam

Oslo

Gothenberg

Stockholm

Tampere

Tallinn

Riga

Gdansk

Szczecin

Bydgoszcz

Modlin

Berlin

Poznan

Warsaw

Lodz Lublin

Wroclaw

Katowice

Rzeszow

Prague

PROUD TO SERVE SCOTLAND

Glasgow is serviced by 2 international airports:

Glasgow Airport

Glasgow Prestwick Airport

Connect to Glasgow easily via London,

Amsterdam, Paris, Dubai,

15 mins

45 mins

Jersey

Bordeaux

Paris

Memmingen

Geneva

Chambery

Milan

Verona

Turin

Munich

Salzburg

Venice

Pula

Budapest

Bucharest

Varna

Burgas

Carcassonne

Marseille

Split

Dubrovnik

Sal

Tenerife

Boa Vista Island

Madeira

Lanzarote

Fuerteventura

Las Palmas

Faro

Marrakesh

Malaga

Alicante

Murcia

Almeria

Girona

Barcelona

Reus

Palma

Ibiza

INTERNATIONAL

CONNECTIONS

Menorca

Enfidha

Cagliari

Rome

Naples

Malta

Kerkyra

Corfu

Zakinthos Island

Chania

Sharm el-Sheikh

Bodrum

Kos

Dalaman

Rhodes

Antalya

Paphos

Larnaca

Heraklion

Dubai

Abu Dhabi

AIR

• Glasgow Airport is the UK and Scottish

Airport of the Year 2015.

• Glasgow Airport has approx. 200 flights

daily.

• 30 new direct routes for 2016 include

Montreal, Toronto, Marseille and Seoul.

• 358 flights to London per week and up

to 62 flights per day to/from London.

• One-hour flight time to London.

• 7.7 million passengers pass through

Glasgow Airport annually.

• More than £60 million investment in the

airport in over the last four years.

• Glasgow Prestwick International and

Edinburgh International are each 45

minutes from Glasgow City Centre.

RAIL

• Glasgow Central Station is European Rail

Station of the Year 2014.

• Glasgow Central has connections to all

major English cities.

• London can be reached in four to six

hours.

• There are 38 train links a day between

Glasgow and London Euston.

• Glasgow Queen Street station connects

Glasgow to the East and North of

Scotland (Edinburgh, Perth, Dundee,

Aberdeen and Inverness).

• Eight trains go to Edinburgh per hour,

which can be reached in 50 minutes.

• The rail network also serves the scenic

west coast towns and villages.

E-CONNECTIVITY

Glasgow’s digital connectivity can meet and

exceed the most demanding technology

requirements of today’s progressive

companies. Through the implementation of

the Digital Glasgow Project, a collaboration

across industry and the public sector, the

city has aspirations to reach 90% coverage

by 2018, ideally with speeds of 80–

100mbps and thus exceeding the Scottish

Government target of availability of next

generation broadband by 2020.

Glasgow is the first Scottish city to award a

wireless concession available in the city’s

streets and public spaces.

Glasgow’s air, rail and road infrastructure ensures excellent access – and once you arrive you can

move quickly and efficiently throughout the metropolitan area. With most European destinations

within two hours of Glasgow, this offers a short journey time and low cost travel.

DIRECT FLIGHTS FROM NORTH AMERICA

Visitors can travel direct to Glasgow from a number of

destinations including: New York, Philadelphia, Orlando,

Toronto, Calgary and Vancouver.

DIRECT FLIGHTS FROM THE FAR EAST

Visitors can connect to Glasgow with ease using the twice daily

Emirates flight direct from Dubai to Glasgow.

FLIGHTS TO GLASGOW

JOURNEY TIME

AIRPORT TIME TO CITY METHOD OF TRAVEL TO CITY CENTRE

TRAVEL TIMES TO GLASGOW CITY CENTRE (2013) FROM UK CITIES

London

Paris

Berlin

Amsterdam

Dusseldorf

Dubai

New York

1 hr

1 hr, 30 mins

1 hr, 30 mins

1 hr, 15 mins

1 hr, 40 mins

7 hrs

6 hrs

Glasgow International

15 mins

• Shuttle bus from the airport direct to the City Centre every

10 mins, with stops at major hotels.

• Direct bus service from the airport to the SECC every 30 mins.

• Taxis are always available.

Glasgow Prestwick 45 mins • Direct trains every 30 mins to City Centre.

Edinburgh International

1 hr

• Frequent bus / train links to Glasgow City Centre every 15 mins.

• A shuttle bus departs from Buchanan Street Bus station

to and from Edinburgh International Airport every 30 mins.

UK CITY DISTANCE BY ROAD TRAIN CAR

Birmingham 289.5 miles (465.9 km) 3:56 4:53

Bristol 371.8 miles (598.4 km) 5:39 6:12

Edinburgh 46.9 miles (75.5km) 0:47 0:59

Leeds 212.7 miles (342.3 km) 3:53 3:59

London 404.6 miles (651.1 km) 4:21 7:23

Manchester 215.9 miles (347.5 km) 3:12 3:56

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AWARD-WINNING

CITY

TOP LARGE EUROPEAN CITY OF THE

FUTURE 2016/17

Glasgow has achieved an amazing set of results in the

prestigious fDi Magazine ‘European Cities of the Future Awards

2016/17’. In the Large Cities categories, Glasgow was awarded:

Top 10 overall Large City; Runner-up for FDI strategy; Runner-up

for Business Friendliness and Top 10 for Economic Potential.

EUROPEAN ENTREPRENEURIAL REGION

Glasgow has been named European Entrepreneurial Region

2016, alongside Lombardia (Italy) and Malopolska (Poland).

The regions with the most credible, forward thinking and promising

vision plan are granted the title, commending their investment in

entrepreneurial spirit.

ONE OF THE WORLD’S TOP SPORTING CITIES

Glasgow is 8th in the world’s top 10 sporting cities – according to

the internationally recognised SportBusiness Ultimate Sports City

2014 Awards. The city was ranked ahead of Olympic cities such as

Paris, Tokyo, Moscow and Amsterdam, and retained its position as

the number one city in the world for sports marketing and branding.

THE UK’S BEST SHOPPING DESTINATION

OUTSIDE LONDON

Glasgow’s super-league shopping status was confirmed in

2008 when the city was named the best place to shop in the

UK outside London’s West End for the fourth consecutive year.

Experian, in their retail rankings, expects Glasgow to hold

this position until at least 2018. Glasgow’s strong retail sector

was reinforced by the Retail Footprint 2010 – compiled by

independent industry research company CACI. After London’s

West End, Glasgow is the first UK city for retail by comparison

spend (tourists, workers and residents) CACI 2013.

UK’S BEST CONVENTION BUREAU

2007-2015 – 9 YEARS RUNNING

Glasgow City Marketing Bureau (GCMB) has been named the

UK’s Best Convention Bureau from 2007 to 2015 – for nine

consecutive years GCMB has received this accolade at the

prestigious Meetings & Incentive Travel (M&IT) Awards.

UK’S BEST CONFERENCE CENTRE

The Scottish Exhibition + Conference Centre (SECC) was named

‘Best Large Venue of the Year’ at the UK Event Awards 2015.

UK’S BEST AIRPORT

In 2015 Glasgow Airport scooped three major awards: UK

Airport of the Year at the National Transport Awards; Scottish

Airport of the Year at the Scottish Transport Awards; and

voted ‘Best Airport with 3-10 million passengers’ by the Airport

Operators Association (AOA).

CITY OF STYLE

World-famous and highly-respected, luxury fashion and lifestyle

brand, Louis Vuitton, featured Glasgow as a must-visit destination

in their coveted European Cities Guide in 2009 – and has done

so again in 2013 – highlighting the city’s growing global profile

as a leading retail, cultural and style centre. Glasgow is the only

Scottish city to have appeared twice in the guide.

ONE OF THE WORLD’S 75 BEST

PERFORMING FINANCIAL CENTRES

— Global Financial Centres Index 2015

Glasgow has the third most important financial centre in the UK

and has its own dedicated International Financial Services District.

PROUD TO SERVE SCOTLAND

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INVESTGLASGOW.COM 17


Glasgow has sporting events confirmed to 2022 and bidding through to 2024. It’s

ranked 8th best sporting city in the world by SportBusiness Ultimate Sports City

2014 Awards, and first for Global Sports Marketing.

SPORTS

CITY

2014 proved to be an amazing year when the city

welcomed some of the world’s top athletes at the

“best Commonwealth Games ever”. With over

£2 billion of investment in Game-related

infrastructure in the city, Glasgow is empowered

as a major player on the global sporting stage.

Building on that success, Glasgow also hosted the

2015 World Artistic Gymnastics Championships

which were hailed “even better than the Olympic

Games”. Glasgow’s delivery of these events has set

a new benchmark for sport across the world.

Looking ahead, Glasgow continues to win the

right to host major sporting events in 2016

such as the Gymnastics World Cup, European

Curling Championships and World Irish Dancing

Championships. The city will also co-host the

inaugural European Sports Championships with

Berlin in 2018 with a projected television audience

of 850 million.

A significant legacy of hosting these prestigious

sporting events is that Glasgow’s reputation and

profile have never been stronger. The city is now

widely recognised as one of the world’s must-visit

destinations.

CLYDE GATEWAY

Located just five minutes by train from the centre

of Glasgow and in an area benefiting from massive

investment associated with the 2014 Commonwealth

Games, Clyde Gateway offers a range of potential

investment opportunities for the hotel sector. Clyde

Gateway is home to the outstanding sporting facilities

of the Emirates Arena and Sir Chris Hoy Velodrome,

as well as Celtic Football Club’s 60,000 seat stadium.

The area’s accessibility by both road and rail is

already proving a major draw to investors with three

railway stations and three junctions of the newly

extended M74 as well as the new Clyde Gateway

access road serving the area. A host of new office and

industrial developments have opened recently to take

advantage of this accessibility, others are currently

on site and development opportunities are available

across the new National Business District.

A key legacy of hosting the ‘best Commonwealth

Games ever’ in 2014 is that Glasgow’s global

profile has never been greater.

95.3%

2014 COMMONWEALTH

GAMES SAW RECORD

OCCUPANCY LEVELS

(JULY 2014)

£2BN

OF INVESTMENT

IN GAME-RELATED

INFRASTRUCTURE

18 HOTEL PROSPECTUS

INVESTGLASGOW.COM

19


TESTIMONIALS

‘EXCITING

AND

PROGRESSIVE

CITY.’

Blythswood Square Radisson Blu Grand Central Hotel

BLYTHSWOOD SQUARE

‘Having been involved in many of the prestigious

city events over the years, Blythswood Square feels

very much a part of this thriving city. Events such as

Commonwealth Games, MTV Awards and the huge

success of The SSE Hydro have been amazing for the city.

We take delight in looking after guests to the city as much

as the residents of Glasgow and the surrounding area.

It’s a real privilege to be part of this exciting and

progressive city and can’t wait to see what the future

has in store.’

Murray Thomson, General Mananger

RADISSON BLU

‘Glasgow is unique in the city-wide support and cooperation

offered to hotel operators, from the hoteliers

association and an award winning convention bureau,

winning major events and conference business for the city.

I can’t think of a reason why a hotel operator wouldn’t

consider coming to Glasgow. There is always demand

for quality hotels in such a vibrant city. Strong value in

commercial property and rising occupancy rates mean

expectations of a bright future.

The Radisson Blu is Glasgow’s premier business hotel

where a warm Glaswegian welcome and sense of

professional informality has guaranteed our success.’

GRAND CENTRAL HOTEL

‘We’re exceptionally lucky to be in such a central location, with a

unique outlook on both the city and one of Glasgow’s major transport

hubs, from which we benefit greatly. Improved transport links on the

back of the Glasgow 2014 Commonwealth Games, coupled with major

investments like The SSE Hydro have given Glasgow a boost that we’ve

experienced first-hand in terms of tourist and business trade.

Glasgow is a wonderful city and it’s a privilege to look after its visitors

and the locals who come in to enjoy afternoons and evenings in our

Champagne Central Bar and Tempus restaurant. On a personal level,

it’s fantastic to lead the team at such an iconic hotel. We’re looking

forward to the coming year – welcoming more visitors and supporting

with accommodation for wider city events and conferences.’

‘MAJOR

INVESTMENTS

HAVE GIVEN

GLASGOW A

BOOST.’

Denis MacCann, General Manager

Chair, Glasgow Hoteliers Association

Graeme Gibson, General Manager

20 HOTEL PROSPECTUS

INVESTGLASGOW.COM 21


TESTIMONIALS

Apex City of Glasgow Hotel citizenM The Village Hotel Club Ibis Styles George Square

APEX CITY OF

GLASGOW HOTEL

‘The hotel’s great location means it is at the heart of the

action both for the corporate and leisure markets and

we expect to welcome many of the visitors who come to

Glasgow because of its reputation for shopping, culture

and music. Our iconic Bath Street building has given us

the perfect opportunity to create a stylish hotel that offers

everything you’d expect from four star accommodation.’

Helen Gallagher, General Manager

CITIZEN M

‘citizenM opened in Glasgow in September 2010 and we

are delighted to be in Scotland’s largest city. Glasgow

has internationally acclaimed art galleries and museums,

along with iconic architecture and the hotel is in the very

heart of the city centre, an area bustling with theatre,

music, shopping, art and vibrant street life – all elements

that are highly valued by our mobile citizens. citizenM

always reflects and embraces local cultures and tastes

and develops its own local style. Here in Glasgow, an

almost surrealist oversize mesh artwork by Glaswegian

artist Alex Dordoy graces the hotel’s outside façade with

a tongue-in-cheek humour.’

Robin Chadha, Chief Marketing Officer

THE VILLAGE HOTEL CLUB

‘The Village Hotel Club Glasgow is in a superb location,

so very close to The SSE Hydro and SECC. Over the

years, there have been many companies which have set

up home on the banks of the River Clyde and there is still

much development to come in the area which will keep

Glasgow thriving. Village Glasgow has ‘everything under

one roof’ and my team is so excited to start welcoming

the local community, businesses and leisure guests into

our dynamic ‘black box’.’

Jamie Stevens, General Manager

IBIS STYLES GEORGE SQUARE

‘We were delighted to open Glasgow’s first ibis Styles

property towards the end of 2015, and we’re looking

ahead to our first full year in the city with anticipation.

Glasgow is a city like no other – great people, a rich

history and vibrant cultural scene as well as fantastic

shopping, restaurants and nightlife. That’s why our hotel

is designed with the city and its icons as its focus – it’s a

city to be celebrated. And as well as the hotel’s design

being immersed in the city’s history and culture, we’re

physically in the thick of things in the Merchant City,

which is wonderful. We’ve already had a busy few months

and can’t wait to welcome more visitors to the city and the

hotel; particularly those experiencing their first taste of

Glasgow and all it has to offer.’

Rory MacAleece, General Manager

22 HOTEL PROSPECTUS

INVESTGLASGOW.COM 23


DEVELOPMENT

SUPPORT

If you are looking to invest in Glasgow, you will find a city that has

taken a very proactive and innovative approach to support the

development industry in its bid to build on the exciting projects

underway in the city.

Glasgow offers a great deal to investors.

Guaranteeing fast tracking of major planning

applications for key development, and

the city is an assisted area for Business

Premises Renovation Allowances (BPRA).

This enables investors to make use of 100%

capital allowances for ‘qualifying renovation

expenditure’ on derelict commercial properties.

MEASURES INCLUDE:

• fast tracking major planning applications for key developments.

• full range of business support programmes – from grant/loan assistance to

Glasgow Guarantee wage subsidies for graduates, apprentices and new jobs.

• Glasgow is an assisted area for Business Premises Renovation Allowances (BPRA)

which enables investors to make use of 100% capital allowances for “qualifying

renovation expenditure” on derelict commercial properties.

BPRA FOR HOTELS

Business Premises Renovation Allowance (BPRA) provides 100% tax relief on the

conversion or refurbishment of empty business premises in designated areas. It can

reduce costs where premises are converted into hotels or empty hotels

are refurbished.

Please consult the following website for a full overview of the BPRA scheme:

www.hmrc.gov.uk/manuals/camanual/ca45000.htm

24 CITY PROSPECTUS

INVESTGLASGOW.COM 25


SCOTTISH DEVELOPMENT

INTERNATIONAL

(SDI) has a dedicated tourism team who

work closely with developers, investors

and hotel operators to secure a successful

investment.

sdi.co.uk

GLASGOW CITY MARKETING

BUREAU (GCMB)

GCMB is the official destination marketing

organisation (DMO) for the city of

Glasgow. With business on the books

until 2022, GCMB can provide high value

information on future demand.

peoplemakeglasgow.com

INVEST GLASGOW

Glasgow City Council’s Inward Investment

Team provides one point of contact to

all businesses, property investors and

developers seeking to invest in Glasgow.

investglasgow.com

TO FIND OUT HOW INVEST

GLASGOW CAN SUPPORT

YOU, CONTACT:

invest@glasgow.gov.uk

investglasgow.com

@invest_glasgow

Invest Glasgow

+44 (0) 141 287 8616


© INVEST GLASGOW 2016

TO FIND OUT HOW INVEST

GLASGOW CAN SUPPORT

YOU, CONTACT:

invest@glasgow.gov.uk

investglasgow.com

@invest_glasgow

Invest Glasgow

+44 (0) 141 287 8616

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