Major city hotel up for sale

Major city hotel up for sale



One of Edinburgh’s largest purpose-built hotels is up for sale through JLL’s Hotels & Hospitality Group .

One of Edinburgh’s largest purpose-built hotels is up for sale through JLL’s Hotels & Hospitality Group. 

The Edinburgh City Centre Haymarket Hotel is currently operated under a management contract by Premier Inn but is on offer with the benefit of vacant possession.

The freehold property also offers scope for further development and provides an asset management opportunity with the ability to rebrand. 

The Edinburgh City Centre Haymarket Hotel is located in the centre of the Scottish capital, has its own bar, restaurant and five meeting and events spaces.

Kerr Young, Director in JLL’s Hotels & Hospitality team, said the hotel provided an excellent opportunity for an investor to purchase a hotel in one of the UK’s most sought-after hotel markets.

“Recent sales, including the Radisson Blu and the Crowne Plaza, Royal Terrace, demonstrate the level of investment interest in the market,” said Kerr. 

“We have already received interest from a variety of market players."

Simon Hobbs, Estates Director for Premier Inn, said there was strong customer demand for quality accommodation in Edinburgh.

“Our Edinburgh Haymarket site has been a strong part of our portfolio, but, with a considerable pipeline of new sites across the city we are evolving our estate and our strategy in the city,” said Simon.

The Edinburgh City Centre Haymarket Hotel is currently owned by a joint venture between a syndicate of private investors and Whitbread.

 

Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment


I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.