Plans for new £40m hotel on derelict riverside site

04 Sep 2007

Evening Times, by Catriona Stewart

A Glasgow developer is planning to create a £40million luxury hotel on the banks of the Clyde at Finnieston.

Leading Scottish retail developer Forrest Developments has just completed a £4.6m deal to buy the 1.4-acre city centre site from the RAC.

The firm, set up by Donald Stewart and Chris Trainer, say they aim to create an iconic building that will make a huge impact on the Glasgow skyline.

Forrest boss Donald said: "My business partner and I are both from Glasgow and this is a project which will see two Glasgow boys making a significant investment in the city."

The site, at the junction of Lancefield Quay and Finnieston Street, is close to the planned £118m Clyde Arena and just a few minutes' walk across the Squinty Bridge from Pacific Quay.

Chris said: "With a journey time of just six minutes from the terminus beside our hotel into the city centre, walking over the bridge will be the quickest way for people to get from the BBC and STV offices into the heart of the city, so we are ideally placed for passing trade."

The current site hosts the former RAC centre, which Forrest plans to demolish in the next few weeks.

A detailed planning application will be submitted to Glasgow City Council for a development including a hotel and commercial and retail space.

Chris added: "The hotel market is so strong in the city with occupier demand increasing. We envisage a three or five-star hotel with a maximum of 150 bedrooms in an area that's enjoying a development boom.

"Road, rail and airport links are straightforward so this site is clearly a highly attractive proposition for investment."

The news comes as a rash of new hotels are planned from the city centre to Braehead to meet demand from Glasgow's booming tourist trade.

A further six hotels along the riverbanks are in early planning stages or partly completed while the City Inn next to the Squinty Bridge has plans to expand.

If all the hotels get the go-ahead, Glasgow will have more than 1000 extra hotel beds.

 

Reproduced by kind permission Catriona Stewart

  • Site of new hotel on Finnieston Street

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