THE Crowne Plaza in Glasgow is part of a portfolio of hotels being sold by investment bank Goldman Sachs, which could fetch up to £150 million.

The 283-room hotel, near to the SECC and Glasgow Science Centre, is the largest of the 11 sites which are up for grabs.

It is currently going through a £1m refurbishment programme which will see an overhaul of all rooms, a new entrance, landscaping and improved conference and dining facilities

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There are two other Crowne Plaza hotels, in Chester and Nottingham, being sold. As well as those there are seven Holiday Inns and a Best Western located in and around the midlands and south of England.

The entire portfolio has close to 2000 rooms and is operated by QMH UK.

Specialist property adviser Christie + Co has been appointed to market the hotels, which it described as being in "key trading locations".

It said: "The group has benefited from an ongoing extensive multi-million pound refurbishment programme with recent investments in key assets."

Jeremy Hill, from Christie + Co, added: "A portfolio of this standing presents an unmissable opportunity to acquire a high quality, well invested nationwide group of hotels with a profitable trading profile and a leading management team in place.

"It is a particularly ­attractive proposition given the growing momentum in the regional hotel marketplace."

Goldman Sachs bought hotel operator Queens Moat Houses in 2005 and renamed the business as QMH.

Christie + Co said it would not comment on a potential price for the portfolio.

Trade reports suggested it was likely to be up for sale for between £130m and £150m.

QMH UK had a pre-tax profit of £2.3m in 2012, according to its most recent accounts at Companies House.