ONE of Edinburgh’s best-known hotels has been sold to a German investor for an undisclosed price.
The sale of the 238-room Radisson Blu Hotel on the Royal Mile is said to be the largest hotel transaction in Scotland since 2007.
German Deka Immobilien GmbH purchased the four-star hotel on behalf of WestInvest Gesellschaft für Investmentfonds mbH’s TargetSelect Hotel fund.
Kerr Young, director of hotels and hospitality at selling agent JLL, said: “The Radisson Blu in Edinburgh offers not only a secure income stream with great covenant strength, but also prime real estate in Scotland’s historic capital – one of the most sought after hotel markets in Europe.”
