Scottish properties acquired by Berlin-based business
A FIVE-strong group of Scottish hotels has been snapped up by the European arm of an Israeli hospitality group.
The Portland Hotels portfolio includes the Edinburgh City Hotel, the Edinburgh Capital Hotel, the Glasgow Pond Hotel, the Huntingtower Hotel in Perth, and the Speedbird Inn in Aberdeen.
The business was acquired by Berlin-based Leonardo Hotels, the European arm of Fattal Hotels Group, which operates 80 hotels across Europe, for an undisclosed sum. It follows Leonardo’s acquisition of the Premier Inn Edinburgh City Centre last year, which has since been relaunched as the Leonardo Royal.
In total, Leonardo now has 818 rooms across Scotland, 445 of which are in Edinburgh.
The company also owns the Leonardo Hotel London Heathrow Airport.
“When we entered the market in the UK two years ago, we made it our goal to further expand our portfolio and strengthen the name recognition of the Leonardo Hotels brand,” said Daniel Roger, managing director of Leonardo Hotels Europe.
“The purchase of Portland Hotels underscores this.
“I am convinced that our guests will love and appreciate this expansion of our offerings in key destinations across Scotland.”
Leonardo Hotels was advised by JLL Hotels and Hospitality Group and West Ridge Asset Management, French Duncan and DLA Piper.
Kerr Young of JLL said the Portland deal “presented an opportunity to acquire quality assets in strategic locations across Scotland”.