One of Edinburgh’s most elegant hotels, The Bonham, has been sold for an undisclosed amount to a U.S. Investor Group led by Richard H. Driehaus.
A luxury boutique hotel in Edinburgh’s west end, The Bonham Hotel, has been sold by a controlled affiliate of global private investment firm Starwood Capital on an off-market basis to the U.S. based investor. Starwood Capital Group, via Starwood Global Opportunity Fund X, acquired the property in 2015 as part of the Town House Collection, which included the Blythswood Hotel in Glasgow.
Set within three traditional Edinburgh townhouses, the 49-bed hotel includes a bar and restaurant and an 18-space car park. The period hotel has significant scope for further development—including the addition of five more bedrooms, plus development over the car park, subject to planning permission.
JLL acted on behalf of Starwood Capital Group for the sale.
Kerr Young from JLL Hotels & Hospitality Group said, “It is no surprise that the sale of The Bonham attracted significant interest from both domestic and international buyers, having long been regarded as one of Edinburgh’s most stylish and iconic hotels. Edinburgh currently boasts the strongest U.K. hotel market outside of London, with a thriving corporate, finance, tech and leisure market, attracting 35 million visitors each year creating £1.15 billion in revenue. This combination of factors provided a compelling investment proposition.”