Chance for investors to snap up Edinburgh property
OFFERS are being sought for the freehold of The Doubletree by Hilton Edinburgh City Centre Hotel.
The hotel, which previously traded as The Point and relaunched under Hilton’s Doubletree brand last year, has 138 bedrooms and suites.
Public areas include the Bread Street Brasserie restaurant and Monboddo Bar; the hotel is also home to The Sky Bar, which offers views of Edinburgh Castle.
We are expecting significant interest from investors.
Other amenities at the hotel include a fitness room and business centre as well as conference facilities comprising four meeting rooms, conference rooms ranging in capacity from eight to 200 and a 150-cover penthouse and rooftop terrace.
The sale also includes the freehold title to the Chanter pub on the ground floor and basement, which is currently let at a rent of £87,500 per annum.
Paul Collins of CBRE Hotels EMEA, the agency marketing the hotel, said the sale offers investors and hotel operators a “rare opportunity to acquire a business with a top worldwide brand and a freehold property”.
“This is a prime Edinburgh asset, located in the heart of the city centre and with one of the best brands in the hotel sector behind it,” said Collins.
“We are expecting significant interest from investors who want to take advantage of both the strength of the Edinburgh hotel market and the opportunity to grow a world-class business such as this.”