DRG to open £8m aparthotel in Glasgow

8th of February, 2017 | Posted in Glasgow, Hotel News Email Article | Print Article

Independent restaurant chain, The DRG, has unveiled plans for a 64-room, £8m aparthotel set to open above its venues The Anchor Line and Atlantic Bar & Brasserie at St Vincent Place next spring.

Mario Gizzi, who co-founded the business in 1983, with his cousin Toni Conetta, said the new venture will be mainly targeted towards business people and visitors lured to Glasgow for events at The SSE Hydro or shopping trips.

He said, “We are on schedule to open an £8m premium aparthotel in St Vincent Place, above The Anchor Line, in spring next year.

“It will have 64 rooms, including six penthouse suites.”

Gizzi added, “It’s a very significant venture for us but we have carried out a great deal of market research and are aiming firmly at businesspeople visiting the city, as well as visitors taking in shows at The Hydro or on shopping trips to Glasgow.

natural design

“Guests won’t just benefit from the luxury accommodation and city centre location, but will also be able to take advantage of The Anchor Line’s menu for breakfast, lunch and dinner.”

The announcement came after The DRG, which owns 18 restaurants across Scotland including Di Maggio’s and Café Andaluz, announced a turnover increase by 12.4% to £33.7 million for the financial year to April 30, 2016.

During that period, profits increasing 22% to £5.76m, as The DRG invested over £2m in new restaurants and grew its workforce 13.6% from 690 to 784 employees.

The DRG will also open a new £2m flagship restaurant and bar development, Registers, in Edinburgh’s St Andrew Square in spring 2018, taking the group’s Edinburgh portfolio to four.

Toni Conetta added, “It’s been a strong 12 months but we’re determined not to rest on our laurels.

“The coming year will see our biggest-ever capital investment in new premises and a huge expansion of professional training programmes for our people, so it’s an exciting time to be involved in the business.”

The following two tabs change content below.
Hotel Magazine Scotland News Team

Hotel Magazine Scotland News Team

Hotel Scotland is a new publication (2017) from the publishers of DRAM - Scotland's leading on-trade magazine. Hotel Scotland is a newsy magazine which covers all aspects of the industry in Scotland. From who's who, to industry issues and refurbishments.
Hotel Magazine Scotland News Team

Latest posts by Hotel Magazine Scotland News Team (see all)

Recent News

    Moxy

    Moxy Hotels, Marriott International’s experiential hotel brand, opened in Glasgow recently at High Street. Moxy is described by the company as being…

    The Fife Arms

    The transformation of The Fife Arms in Braemar is now complete and the hotel has re-opened just in time for Christmas. This…

    A Dream Team: Interview with Struan and Louise Lothian

    Struan and Louise Lothian own and run the Knockendarroch Hotel in Pitlochry, which recently was awarded a César by the Good Hotel…

    Trade bodies express doubt over City of Edinburgh Council’s boast that half of accommodation providers in Edinburgh support its proposed Tourism Tax

    Both the Scottish Tourism Alliance and UKHospitality have called in to question City of Edinburgh Council’s statement that its proposed £2 tourist…

    Priory Hotel adopts employee-ownership model

    The Priory Hotel in Beauly, near Inverness, has transitioned to employee ownership to 46 staff members as its founder prepares to retire after…

    Rising costs pose significant threat to Scotland’s hotel sector

    The fear of rising costs – caused by inflation, business rates, staffing and online travel agency (OTA) fees – is the biggest…