Capital hotel ready for take off this summer

The new Canongate in Edinburgh

AN Edinburgh city centre hotel in a newly-converted Victorian schoolhouse has come onto the books of commercial property firm Knight Frank.

Created as part of the New Waverley regeneration project, a major development aiming to transform a 7.5-acre area of the capital, The Canongate comprises 21 aparthotel-style letting rooms and  commercial units over two floors which are described as ideal for a bar, restaurant and outdoor terrace area.

The property is said to have been redesigned to celebrate the building’s original features, including its schoolhouse facade and double-height atrium.

Neil Scott, partner at Knight Frank Edinburgh, said: “The Canongate is an attractive opportunity for a hotel operator or investor to be part of what is fast-becoming one of the most successful regeneration schemes in the city, and even perhaps Scotland.”

The hotel has been placed on the market for offers in excess of £8 million and is expected to be ready to hand over to a new owner from June.