Britannia Hotels acquires Edinburgh Travelodge hotel
Britannia Hotels has acquired the Travelodge Edinburgh West End hotel off a guide price of £10m.
The 178-bedroom hotel is the fifth of six Travelodge hotels to be sold by specialist property adviser Christie + Co on behalf of Cordial Hotels.
Jeremy Jones, director of corporate hotels at Christie + Co said: "Having sold the Waterside Inn in Peterhead to Britannia Hotels earlier this year, Christie + Co is delighted to have assisted further in the group's expansion plans, both in Scotland and nationally."
Kerr Young, associate director of Christie + Co in Edinburgh added: "We received interest from a number of parties for the former Dragonara Hotel including developers, investors and hotel companies from both the UK and abroad, which highlights the continued appetite for Edinburgh real estate."
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