Barclays has backed Apex Hotels’ expansion strategy with a £60 million refinancing package, earmarked to help the hotel group broaden its portfolio through the acquisition of more properties, particularly in rural locations.
Joint administrators Blair Nimmo and Alistair McAlinden from Interpath Advisory took over the reins of Le Chardon d’Or Limited, a Glasgow fine dining establishment, after it ceased trading last week.
The Scottish boutique hotel sector has witnessed a substantial surge in transaction volumes in H1 2023, reaching £71 million, making up 43% of all deals year-to-date, according to Savills.
Visitor destination specialist design agency Studio MB has been awarded major international design projects for the National Bank of Kuwait Museum in Kuwait and the Árni Magnússon Institute in Reykjavík, Iceland.
The new galleries at the Scottish National Gallery in Edinburgh will open on September 30, with the final costs of the project confirmed to be more than double the original estimates.
Lockerbie-based entrepreneurs, Rebecca and Scott Masterton, are diversifying their floriculture business, The Pretty Wild Flower Co, into the tourism sector.
Property investment manager Henderson Park and hotel operator Klarent Hospitality have acquired the 120-year-old Caledonian Waldorf Astoria hotel in Edinburgh for a reported sum of £85 million.