Private investment group Topland has acquired the Hilton Glasgow for almost £36 mln (EUR 41 mln).

The 319-room hotel is located on William Street in the centre of the city. Hilton has a 30-year operating lease dating from 2001 on the asset which produces a turnover-based rent which has consistently exceeded the base rent.

The vendor Royal Bank of Scotland selected Topland who completed on the transaction within four working days.

Topland was advised by Maclay Murray & Spens.