• Easy purchase

Sir Stelios Haji-Ioannou, head of the easy group, is to reopen the Glasgow easyHotel, having bought the property for GBP2.3m. Debt costs forced the previous owner, an easyHotel franchisee, into administration in May.

The purchase makes the 125 room hotel the second directly owned hotel in the chain. A further directly invested easyHotel opens in Croydon in spring 2014, while there are 19 franchised hotels operating under the flag.

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