Independent Scottish restaurant operator DRG has announced plans to open an £8m aparthotel in Glasgow city centre, off the back of what it described as record annual results.
Formerly known as Di Maggio’s Restaurant Group, the company owns 18 restaurants across Scotland including Amarone and Café Andaluz. Following a £2m investment in new sites and staff training in the year to 30 April, 2016, turnover rose by 12.4% to £33.7 million with profits up 22% to £5.76m.
The new hotel will be located on St Vincent Place, above the company’s flagship restaurant, The Anchor Line, and will include 58 rooms and six penthouse suites.
Joint MD Tony Conetta said: '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.
'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.'
A new £2m flagship restaurant and bar development, Registers, is also set to be open in Edinburgh’s historic St Andrew Square in spring 2018, as the group takes the number of restaurants in the capital to 4.
The company was founded in 1983 and currently employs 784 staff.