The Edinburgh Collection has acquired the 189-bedroom budget Tune hotel, taking its portfolio of properties in the Scottish capital up to five.
Located opposite the Haymarket station in Edinburgh's West End, the hotel has been bought for an undisclosed sum from TP Edinburgh, a subsidiary of Singapore-based TP Real Estate Holdings, and rebranded as the Haymarket Hub hotel.
Owned by hospitality group Palm Holdings, the Edinburgh Collection already owns the luxury Howard hotel, Channings hotel, the Old Waverley and Holyrood aparthotel.
The Haymarket Hub is focused on connectivity and to this end is believed to be the first hotel in Scotland to provide Handy smart phones to every guest.
Future plans include the expansion of the lounge area with the opening of an Illy Café.
Ricky Kapoor, managing director of the Edinburgh Collection, said the addition of a budget hotel will enable the group to provide a variety of accommodation to guests.
"The Haymarket Hub hotel is about being connected, exploring the city and recharging, an exciting new concept which will satisfy even the most discerning of today's modern travellers including the millennials."
Palm Holdings owns hotels and restaurants in Canada and the US, as well as Edinburgh.
The rebadging of the Edinburgh hotel will leave only two properties in the UK - in Liverpool and Newcastle - operating under the budget Tune brand, which was founded by Tony Fernandes, the owner of Queen's Park Rangers FC. In January it was announced that five former Tune hotels were to be relaunched by joint venture company Raag Hotels as Point A Hotels.
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