Around 150 employees lost their jobs when the 240-bedroom hotel overlooking the river on the city's Clyde Street closed just four months after opening.
It was confirmed today that administrators of Lloyds Developments Ltd have sold the site to the Martin Property Group.
The 17-storey hotel boasted a ground floor restaurant and bar, mezzanine bar and lounge, terrace area, and conference and meeting facilities. “We look forward to seeing the hotel back in operation and wish the purchaser every success in the future.” The directors of V Hotel Glasgow Limited – the employer and operating company in respect of the hotel – were advised to place it into liquidation, with the hotel placed on the market by Savills in March 2024.
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