Apex take over Marks Hotel in Glasgow

Norman Springford, the man behind Apex Hotels, has handed over the chairmanship of the business to architect son Ian. Norman, who has a 50% stake in the family-business, revealed the news as the company announced it is to move into the Glasgow market having just purchased a hotel in the city. The hotel, believed to be Marks Hotel, formerly Bewley’s, on Bath Street, will close in January for a refurbishment. Meanwhile Apex also reported increased revenues and profits for the year to the end of April. Turnover was up 11% to £56m, while profit (before exceptional item) was up 37% to £9.6m. Apex has eight 4-star hotels across three cities – Edinburgh, Dundee & London. The group’s managing director is Angela Vickers.