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.

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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

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