JLL seeks investors, operators for new hotel by Edinburgh stadium

BT Murrayfield Stadium

A new hotel is in the planning stages by the BT Murrayfield Stadium in Edinburgh. JLL’s hotels and hospitality group will be sourcing offers of interest in the site from potential investors and operators, with the ultimate goal of building a 100- to 200-room midscale or upper-midscale property.

“Edinburgh’s hotel market is flourishing and this is a unique opportunity to develop a hotel in a prominent location,” Keith McBain, director at JLL, said. “BT Murrayfield is the home of Scottish Rugby and very well located. We expect a high level of interest from investors and operators in developing the site.”

The successful bidder will be expected to work closely with the stadium’s conference and event service-provider, The Murrayfield Experience.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“This...will help us to develop and diversify our revenue streams for the benefit of Scottish Rugby as a whole,” Scottish Rugby’s chief executive, Mark Dodson, said.

Photo courtesy of Google Maps

Suggested Articles

The Accor brand's urban health retreat is surrounded by 1.2 acres of greenery within sight of the city's office towers.

With visitor numbers up 11.3 percent, hoteliers are focused on multiple developments and openings, as well as renovating existing properties.

Hotel revenue rose during the first quarter of the year, but deal volume fell by the double digits. A recent report helps shine a light on the whole story.