CBRE Hotels EMEA has been exclusively appointed to sell the recently rebranded Doubletree by Hilton Edinburgh City Centre Hotel (formerly trading as The Point, Edinburgh) on behalf of a private seller. The sale offers investors and hotel operators a rare opportunity to acquire a business with a top worldwide brand and a freehold (heritable) property.
The newly renovated hotel boasts 138 bedrooms and suites, extensive food and beverage space including the Bread Street Brasserie restaurant and the Monboddo Bar. It also comprises three meeting rooms including a penthouse suite meeting area. The penthouse suite has spectacular views of Edinburgh city and Edinburgh Castle and is a popular choice for corporate events, launches and weddings.
The opportunity also includes the freehold title to the Chanter pub on the ground floor and basement, let to a strong tenant at a rent of £87,500 per annum.
Paul Collins of CBRE Hotels EMEA commented: “This is a prime Edinburgh asset, located in the heart of the city centre and with one of the best brands in the hotel sector behind it. We are expecting significant interest from investors who want to take advantage of both the strength of the Edinburgh hotel market and the opportunity to grow a world-class business such as this.”