Edinburgh City Centre Haymarket Hotel up for grabs

Haymarket

Scotland's hotel industry shows no sign of slowing down. According to the Scotsman, The Edinburgh City Centre Haymarket Hotel, currently owned by a joint venture between a syndicate of private investors and Whitbread and operated by Premier Inn, is up for grabs, and has already attracted interest from a number of potential buyers.

Kerr Young, director in JLL’s Hotels & Hospitality team, which is handling the sale, noted that the property is "one of the largest purpose-built hotels in one of the UK’s most sought after hotel markets.” 

Recent sales of other hotels in the city, including the Radisson Blu and the Crowne Plaza, Royal Terrace, highlighted the level of investment interest in the market currently, Young claimed.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

In 2015, hotels in Edinburgh saw occupancy rates reaching 81.5 percent and average room rates of £88, "significantly higher than the UK average," the paper reported. 

Source: The Scotsman

Read more on

Suggested Articles

The two locally owned resorts join the Benchmark Resorts & Hotels brand as a result of the deal.

The combined company now will own and operate a portfolio of 40 hotels totaling more than 5,000 guestrooms.

The global crisis will provide significant merger and acquisition opportunities for hospitality companies willing to take the risk.