Edinburgh Scotsman hotel for sale

10 November 2016 by
Edinburgh Scotsman hotel for sale

The five-AA-star, 69-bedroom Scotsman hotel in Edinburgh, which went into liquidation earlier this year, has been put up for sale by property specialists JLL Hotels and Hospitality Group and CBRE Hotels.

Previously operated by the JJW Hotels and Resorts group, part of MBI International, the hotel was known to have been suffering from trading difficulties for more than a year.

Eileen Blackburn of French Duncan was appointed by Edinburgh Sheriff Court as the liquidator after the Scotsman failed to pay its debts. The hotel has continued to trade under French Duncan's supervision while efforts were made to return the company to its owners, but this has not yet proved possible and so the hotel has been put up for sale.

The hotel is located on North Bridge in the heart of Edinburgh's Old Town, with panoramic views across the city. The property features a North Bridge brassiere, conference and meeting rooms, including a private screening room, as well as significant leisure facilities.

Kerr Young, director of hotels and hospitality for JLL, said: "In light of the buoyant nature of the Edinburgh hotel market we are confident that our marketing process will attract credible buyers with a track record in operating high quality hotel assets of this nature."

Rob Seabrook, director of hotels for CBRE, added: "The Scotsman hotel is one of the most recognisable features of Edinburgh's UNESCO world heritage skyline. Barriers to entry in Edinburgh remain high and we anticipate strong interest in this exceptional opportunity."

The Scotsman hotel in Edinburgh goes into liquidation >>

Scotsman hotel staff face redundancy >>

Scotsman Hotel Group sold for £60m-plus >>

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