Wednesday, July 17, 2024
Wednesday, July 17, 2024
HomeNewsNew Hotels & DevelopmentCheval agree joint venture with Chris Stewart Group for MY Locanda launch

Cheval agree joint venture with Chris Stewart Group for MY Locanda launch

Cheval Collection has signed a joint venture with the Chris Stewart Group to open the first property under its MY Locanda brand, in Glasgow.

The site is due to open in the first quarter of 2024 with 168 units, and will be operated by Cheval Collection.

MY Locanda Glasgow will be located on a site adjacent to Glasgow City Chambers on George Square. 

Investor/developer Chris Stewart, CEO of Chris Stewart Group. He said, “MY Locanda will be a superb addition to our Love Loan development in Glasgow. Its international outlook and design-led approach will attract both short and long-term residents and matches our vision for the development which will include a range of high quality, cosmopolitan lifestyle, retail and food and drink brands. Having worked successfully with Cheval in Edinburgh, I’m delighted to continue the relationship with this new venture in Glasgow.”

Mohammed Almarzooqi, managing director for Cheval Collection, said, “In December 2018 we announced our vision for Cheval Collection to expand beyond key cities in the UK and to take on new management contracts both in the domestic and overseas markets. The launch of our exciting new brand, MY Locanda, demonstrates that vision coming to life, and we are already talking to many developers and investors about future locations.”

Designed by Hoskins Architects and 3DReid for the interior design, it will be located in the heart of Glasgow’s business district with direct access to the pedestrianised Love Loan development.

MY Locanda has been launched as a response to demand from guests for stylish, design-led apartments where they can feel part of the local community. 

The brand will centre around the accommodation but will be supported by a strong F&B offering and  The Lounge, a vibrant community space open to guests and local residents. MY Locanda blurs the lines between hotels, serviced apartments and co-living, with communal kitchens and the ‘Wall of Curiosity’, allowing residents the chance to borrow and loan items sourced from the community for their stay.

MY Locanda aims to appeal to those with an independent, youthful mindset travelling for leisure or business, solo, as a family or in groups of friends who enjoy engaging with the local scene. 

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