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12th October 2018

Maven Property exits investment in Hotel Indigo Glasgow

Maven Property, the property arm of Maven Capital Partners, has completed the £14.5 million sale of Hotel Indigo Glasgow, a four-star, 94-bedroom hotel with restaurant in the centre of the city, to Heeton Holdings, a Singapore-listed real estate conglomerate. 

The structure of the transaction includes the sale of the Freehold (in Scotland “Heritable”) interest in the hotel to a Ground Rent Fund and of the resultant long leasehold interest to Heeton, which has acquired the trading business and goodwill of the Hotel. There has been little precedent in structuring hotel sales in this way, but Maven’s significant experience of hotel development funding structures has enabled it to split these two interests in the Hotel and drive additional value for its investors.

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