SINGAPORE (Oct 3): Heeton Holdings, KSH Holdings and Lian Beng Group have jointly acquired Hotel Indigo Glasgow in Scotland on Monday.

The consortium is led by Heeton, which holds an effective interest of 60%, while Lian Beng and KSH have 20% each. This is the consortium’s first hospitality asset in Scotland.

The property is located near the Glasgow Central station and is well placed for Glasgow’s central business district (CBD) area, tourist attractions and shopping districts. It is also a 15-minute drive away from the airport. The five-storey hotel with 94 rooms was built in 1892 and was originally an electric power station. It operates under a franchise agreement with the InterContinental Hotels Group, and will be managed by the hotel management company, Interstate.

Read more on The Edge Singapore.