The hotel shut down in December 2023 when owner Lloyds Developments entered administration
Total hotel transaction volumes in Scotland reached £431m last year
Company also spends £50m on fresh acquisitions
Virgin Money will support the project, which received planning permission last year
MDPL plans 332-bed student accommodation and 265-room hotel
Budget hotel chain signs 25-year lease for 59-bedroom hotel at Bromley Mall
P-Three will help LyLo locate buildings of 15,000 sq ft to 50,000 sq ft
Knight Frank also sees “green shoots” for the office sector
2024 activity was driven by large portfolio sales including KKR’s purchase of 33 Marriotts
Hotel group says activity has been “robust” over half-year
Travelodge also holds the long leasehold, which has 17 years remaining
The 198-bedroom hotel will operate under the Marriott Tribute brand