Edinburgh's Crowne Plaza goes up for sale following Prima collapse

A top Edinburgh hotel has been put up for sale as a result of the Prima Hotel Group collapse earlier this year. According to the BBC, the four-star Crowne Plaza Hotel in Royal Terrace has been put on the market by joint administrators at AlixPartners. JLL Hotels and Hospitality Group has been appointed by AlixPartners to dispose of the 100-room property.

JLL said the hotel was available subject to a franchise agreement with IHG Hotels Limited or with vacant possession subject to negotiation..
Director Kerr Young said: "Edinburgh is the strongest performing hotel market in the UK after London and one of the best performing hotel markets in Europe.

"The Crowne Plaza provides an opportunity for an investor to extract value through active asset management, leveraging in-house expertise or an experienced third-party operator, in one of the UK's most sought after hotel markets."

The Crowne Plaza was among five hotels called into administration when Prima collapsed in May this year.