INTERNATIONAL property and investment business Jahama Group has chosen a site on the eastern outskirts of Glasgow for its first hotel development.
It is proposing a four-star 100-bedroom complex with restaurant, cafe and fitness club on land beside the Clyde near a largely redundant building at Clydebridge Steelworks, Cambuslang, which is owned by Jahama’s sister company Liberty.
Jahama say the development of the 10-acre site will create 50 jobs and is aimed at leisure and business travellers as well as providing amenities to the local community. A planning application is being prepared for submission to South Lanarkshire Council.
The site benefits from the nearby strategic road network, including easy access to the M74, proximity to the river and a substantial area of woodland “providing opportunities for future guest amenities”.
Jahama’s chief executive Dilip Awtani said: “We are delighted to be contributing to the huge regeneration activity that is currently taking place in east Glasgow. The recent investment in the infrastructure and recreational facilities will drive tourism and business activity to the city, create jobs and other benefits for the local community. This is why we believe that Cambuslang is an ideal location for a modern enhanced-services hotel and leisure facility.
“Our team has a wealth of property development and finance experience that can bring these plans to fruition and advance further commercial property developments, utilising the extensive land within Jahama’s portfolio.”
Jaham is part of a collection of industrial companies that form the GFG Alliance.
Sanjeev Gupta, founder and executive chairman of the GFG Alliance, said: “We are focused on Scotland as a key area of investment, already deploying funds of £500million as recently set out in our Scottish Investment Report. The Clydebridge site was part of our first Scottish investment and I am pleased that the initial investment in the steel business is also bringing further local opportunities.
“We have recently received permission to build a zipwire leisure facility in the Highlands at Kinlochleven so the tourism industry is becoming an increasingly important part of GFG’s Scottish portfolio.”