S Hotels and Resorts (UK) Limited acquired MERCURE GLASGOW CITY HOTEL from Alternative Income REIT Plc (LSE:AIRE) for £7.5 million on August 9, 2023. M7 Real Estate Ltd acted as real estate advisor, Alex Collins and Tom Scrivens of Panmure Gordon (UK) Limited acted as financial advisor and H/Advisors Maitland acted as communications adviser to Alternative Income REIT Plc in this transaction.

S Hotels and Resorts (UK) Limited completed the acquisition of MERCURE GLASGOW CITY HOTEL from Alternative Income REIT Plc (LSE:AIRE) on August 9, 2023.