Princes Street property is sold

New owners move in on easyHotel in Edinburgh

012_easyHotel (from Princes Street)[4]

A Franchise accommodation business on Edinburgh’s Princes Street has changed hands.
A London-based investor and operator has purchased the easyHotel from Parcotel Limited in a deal brokered by commercial property agency Colliers International.
The hotel is housed in the upper three floors of a Historic Scotland Grade B-listed building and is accessed from street level.
The 29 bedrooms in the property are equipped and fitted to the easyHotel brand standard and each is said to have an en suite, cabin-style shower room.

011_easyHotel (view)[6]
Six of the bedrooms have views of Edinburgh Castle with 20 internal ‘pod’ style rooms and the remaining three facing to the rear of the property.
Selling agent Colliers International described the venue as a “well-established business” with “annual occupancy exceeding 80%”.
The hotel was sold for an undisclosed sum from an asking price of offers around £1.75 million for the freehold.
Alistair Letham, a director at Colliers International, said the sale of the hotel “signals the continuing demand for city centre hotel properties in Edinburgh”.