PREM Group Expands UK Portfolio with the opening of PREMIER SUITES PLUS Glasgow Bath Street
We are delighted to announce the opening of PREMIER SUITES PLUS in Bath Street Glasgow, as of May 30th 2018. This property is located in the heart of the city’s theatre quarter and is minutes away from the main business district, an ideal location for anyone travelling for business or leisure.
Commenting on the announcement, Jim Murphy, our Chief Executive Officer said: “Glasgow has reinvented itself to become one of the trendiest destinations in the UK and is on a clear successful growth strategy to grow its tourism and business sectors. It boasts rich cultural, creative arts, theatre and music attracting 20 million tourism and business related visits each year. An increase in demand in both the corporate and leisure markets has resulted in 2017 being a landmark year for growth in the overall UK accommodation sector to cater for increasing demand and this momentum is continuing with thousands of additional rooms entering the market and healthy forecasts of 76% occupancy rates.”
“While Brexit has created some economic uncertainty, we remain confident in our sector and are continuing to invest significantly, with a number of further sites underway across the UK and Europe.
“The extended stay sector is growing rapidly globally, with increasing numbers of travellers seeking a more flexible and spacious alternative to traditional hotel accommodation, without having to compromise on the comfort and facilities they associate with hotels. We currently have 50 hotel and serviced apartment properties within the PREM Group portfolio and hope to increase this to 54 by the end of 2018.”
PREMIER SUITES PLUS Bath Street, Glasgow, is the third property that we have opened in the U.K. in the space of two years. We are looking forward to further expanding our hotel portfolio with more openings on the horizon in the near future.