The four-star Crowne Plaza hotel in Edinburgh has been placed on the market.
The hotel on Royal Terrace has 100 bedrooms, a bar, restaurant, three meeting and event spaces, a club lounge, swimming pool, gym and landscaped gardens.
It is being sold “subject to a franchise agreement” with IHG Hotels Limited with vacant possession “subject to negotiation”.
JLL Hotels and Hospitality Group, which is handling the sale, is confident there will be interest from the UK and further afield.
JLL director Kerr Young said: “The Crowne Plaza provides an opportunity for an investor to extract value through active asset management, leveraging in-house expertise or an experienced third-party operator, in one of the UK’s most sought after hotel markets.”
