Edinburgh's Crowne Plaza hotel for sale after Prima administration

15 September 2015 by
Edinburgh's Crowne Plaza hotel for sale after Prima administration

The four-star Crowne Plaza hotel on Edinburgh's Royal Terrace is up for sale.

Property firm JLL is marketing the venue after operator Prima Hotel Group fell into administration in May this year.

The decision to sell the site was taken by administrators at AlixPartners.

Kerr Young, director of JLL's hotels and hospitality group, said: "Edinburgh is the strongest-performing hotel market in the UK after London and one of the best-performing hotel markets in Europe.

"The Crowne Plaza provides an opportunity for an investor to extract value through active asset management, leveraging in-house expertise or an experienced third-party operator, in one of the UK's most sought-after hotel markets."

Portfolio of four Prima hotels to be sold for £18m >>Prima Hotel Group properties in administration >>Looking for a job? See all the current hotel vacancies available with The Caterer Jobs >>

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