JLL Hotels & Hospitality Group and CBRE Hotels have been appointed to dispose of the iconic Scotsman Hotel.
The Scotsman Hotel enjoys a prime location on North Bridge in the heart of Edinburgh’s Old Town benefiting from panoramic views across the city. The property boasts 69 bedrooms, North Bridge brassiere, conference and meeting rooms, including a private screening room as well as significant leisure facilities extending to in excess of 20,000 sq ft.
Kerr Young, Director of Hotels and Hospitality for JLL, commented: “The Scotsman Hotel was placed into liquidation on 9 June 2016 and Eileen Blackburn of French Duncan was appointed by the court. Since this time the hotel has continued to trade under the Liquidator’s supervision while efforts were made to reach agreement to return the company and its trading to its owners. Unfortunately this has not yet proved possible.
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, commented: “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”.