The Cairn Group acquire Ramada Glasgow Airport Hotel

Newcastle-based hotel operators The Cairn Group have acquired the Ramada hotel at Glasgow Airport in a multi-million pound deal.

The Cairn Group will invest £8m into the 114 bedroom hotel site over the next 12 months.  Despite this full re-design and re-work at the hotel, it will be business as usual and all jobs are safe and secured by the new owners.

Launched in 1980, The Cairn Group, now owns 24 hotels in locations from Aberdeen to London, under several brand banners including DoubleTree by Hilton, Crowne Plaza, Best Western, and Holiday Inn. The group also operate 12 individually branded bars and restaurants in Edinburgh, London and Newcastle.

Tina O’Hara, group sales director, said : “The Ramada at Glasgow Airport realises presences in a strategic location and complements our other five  properties in Scotland.  We have been looking to acquire in Glasgow for some time, and this opportunity fits perfectly into out ambitious expansion plans. The hotel will have synergy with our Newcastle International Airport hotel DoubleTree by Hilton.”

Richard Adams Group HR Director said: “It’s fantastic to welcome the team at Ramada Glasgow to our business and we’re looking forward to involving them in people activities across the group.  This acquisition has increased the number of employees to 2,100 across our portfolio, and the development of the hotel should increase headcount at the property by some 20% in line with our previous projects.  We also engage with local suppliers across all aspects of the business.  We are proud to be safeguarding and creating jobs in Glasgow.”

Mincoffs Solicitors Corporate team led by John Nicholson advised The Cairn Group in relation to bank funding for this acquisition.