The 102-bed three star Lorne Hotel on Sauchiehall Street has been sold by the joint administrators of Bellhill Limited, Blair Nimmo and Alistair McAlinden of Interpath Advisory, to a group known as PL Glasgow.
The hotel was forced to close its doors in December 2020, due to the impact of the COVID-19 pandemic. Administrators from Interpath Advisory were subsequently appointed to the hotel’s owner, Bellhill Limited, in May 2021.
Alistair McAlinden, Joint Administrator and head of the Hospitality and Leisure sector team for Interpath in Scotland, said: “We’re extremely pleased to have concluded the sale of this landmark building in Glasgow. Despite these being incredibly difficult and uncertain times for companies operating across the leisure and hospitality sector, the level of interest shown in this building from the outset of the administration has been remarkable. We pass on our best wishes to the new owners as they develop the building and we look forward to seeing it once more generate wealth and jobs for the city of Glasgow”
The property had been marketed for sale on behalf of the joint administrators by specialist business property adviser, Christie & Co.