A retail backed investment fund purchased the Radisson Blu, a five-star hotel in Glasgow located on Argyle Street next to the Central Station. The hotel has 247 rooms and suites as well as some of the best conferencing facilities in Glasgow able to hold up to 800 people. The freehold building was purchased for £73m which included the hotel operated under management by Rezidor Hotels and Resort, together with ground floor retail units and a gym. Radisson Blu is part of the global portfolio of the Carlson Rezidor Hotel Group.