The hotel comprises 102 en-suite bedrooms, a hotel reception with lounge seating and a large modular function room with capacity for 170 guests.
Prior to closing, the business traded as a three-star hotel with an independent bar and restaurant, Bukharah Restaurant and the Bilberry Cocktail Bar, which also ceased trading following the administration appointment.
The sales process will commence on Wednesday 4 August 2021.
Alistair McAlinden, managing director at Interpath Advisory and joint administrator of Bellhill Limited, said: “We have been extremely pleased with the level of interest shown in the former Lorne Hotel since our appointment as administrators. Indeed, properties of this size and particularly in such a prime location don’t come to market in Glasgow very often.
“The proximity of the hotel to both the city centre and the West End, as well as Glasgow University, the Hydro and SSE and many renowned cafes, bars and restaurants, makes this an ideal investment for an hotel owner-operator, as well as being a highly attractive development opportunity for alternative use.”