Cheval Collection and 141WRS Ltd announce the management agreement for Cheval Collection to operate their property in Glasgow under the Cheval Maison brand.
The forthcoming 70-unit development, located at 141 West Regent Street and due to open in 2024, is the latest partnership for Cheval Collection becoming the group’s fifth property in Scotland.
The property facilities will include a restaurant & bar, gymnasium as well as a stunning rooftop terrace. The 70 apartments will be split into spacious studios, one and two-bed apartments, all will be fitted out to Cheval Maison standards.
Simon Mullen, Managing Director, 141WRS Ltd, the site’s owners, said: “Cheval Collection’s decades of experience in serviced apartments made it the obvious choice for this development, which we hope will reinvigorate and further strengthen this corner of the city centre. We expect the property to appeal to the local community, especially with its restaurant & bar on the ground floor.”
John Philipson, Chief Operating Officer for Cheval Collection, said: “Our continued growth of the portfolio reinforces our ambition to take on new management contracts both in the domestic and overseas markets. The past two years have underscored the appetite for flexible accommodation where guests can live their lives, whether travelling for business or leisure, on a short or long stay basis.”
Daniel Johansson, Director of Development & Acquisitions, Cheval Collection, said: “We are thrilled to be working with 141WRS Ltd as we share the same vision and potential for the property. Demand continues to build for serviced apartments with experienced operators. We are talking to a number of investors and developers as we continue our expansion across dynamic cities around the world.”
The company, which is celebrating its 40th year is seeing a return to pre-pandemic performance, as travel recovers globally.
Other Cheval Maison signings include the recently opened Lexham Gardens by Cheval Maison in London and Cheval Maison Frankfurt with 181 Apartments which is due to open next year.
The Cheval Maison at 141 West Regent Street, Glasgow, will complement the recently announced MY Locanda Glasgow, which is also due to open in 2024.