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Cheval Collection has started work on its new 70-unit development, the Cheval Maison – West Regent Glasgow, which is due to open in 2025.
Alongside 141WRS, the group marked the occasion with a signing ceremony in Cheval Collection’s London office.
The Cheval Maison – West Regent will be Cheval Collection’s fifth property in Scotland and will be located at 139 & 141 West Regent Street. It will feature 70 units split into 27 standard studios, 15 large studios, 23 one-bedroom apartments and five two-bedroom apartments.
Cheval Collection is now in talks with a number of other owners in cities around the world, with a particular focus on the UK, Italy, Spain, France and other key countries in Europe, as well as the Middle East, where demand is reportedly growing.
Simon Mullen, managing director, 141WRS, said: “Cheval Collection’s decades of experiences in serviced apartments made it the obvious choice for this development, which we hope will reinvigorate this corner of the city centre.
“We expect the Cheval Maison property in Glasgow to attract international guests and appeal to the local community with restaurants on the ground floor and roof terrace.”
Mohammed S Alawadhi, managing director, Cheval Collection, said: “We are thrilled to be working with 141WRS on this project in a city we love. After 40 years of operating serviced apartments we have gained the knowledge which delivers results for owners, loyalty from guests and qualifies us for our next phase of expansion.
“Being also owners means that we have learned to be flexible and treat each site as unique, multi-purpose accommodation where guests can live their lives, whether travelling for business or leisure.”
He added: “A growing number of investors are attracted to products which can offer a high rate of return, with efficient operations, which has grown in importance as cost and staffing pressures have also grown. We have significant amounts of projects under discussion for our full range of brands, with consideration given to both urban and resort locations.”
