Family sells up to focus on other trade interests
HOTELIERS looking for a business close to Edinburgh city centre might be interested in a property that’s on the books of agent Knight Frank
Located on Hampton Terrace, close to Haymarket station and Murrayfield stadium, the Edinburgh Lodge is being sold by the Randev family, who want to concentrate on the other venues they operate across central Scotland. The four-star hotel has ten en suite letting bedrooms and owner’s accommodation. There’s also car parking and a large garden at the rear of the property.
David Reid, partner at Knight Frank who is marketing the property with a price tag of £1.5 million, said the business, which is currently run on a bed and breakfast basis, is “exceptionally profitable. It is rare for a top quality small hotel such as Edinburgh Lodge to go on the open market,” he said. “It is an ideal business for a couple to run. West Coates is one of the most sought after areas of Edinburgh and it is particularly popular for hotel operations. Edinburgh Lodge Hotel is a very profitable business and our asking price of £1.5m is excellent value for money. It offers potential buyers the ideal combination of an exceptionally profitable business with a fantastic lifestyle in Scotland’s capital city.”