ibis Styles, Glasgow George Square

Sector Property
Deal Type BPRA
Initial Investment March 2014
Transaction size £7.2m
Location Glasgow
Maven Office Glasgow
Telfer house logo

Telfer House bedroom
In March 2014, Maven clients invested £3.9 million to acquire Telfer House in the Merchant City area of central Glasgow.  The property was a vacant former office building which Maven converted into a 101 bedroom hotel following a £7 million refurbishment. The hotel opened in October 2015 as the ibis Style Glasgow Centre George Square, operated under a franchise agreement with a Accor Hotels.

The ibis Styles brand is renowned for telling the individual stories of the host city for each hotel. Notably the contemporary design is inspired by Glasgow’s unique personality, history and culture, blending creative flair and a touch of humour throughout, with tributes to the Duke of Wellington’s iconic cone hat and Billy Connolly’s banana boots, and is set to become a popular venue in one of the UK’s most popular business and tourist destinations.

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