Opportunity to snap up a Scottish institution which is one of the most recognisable features of Edinburgh’s UNESCO world heritage skyline
The iconic Scotsman Hotel in Edinburgh is up for sale after being put into liquidation in June.
JLL Hotels & Hospitality Group and CBRE Hotels have been appointed to dispose of the city landmark on North Bridge in the heart of Edinburgh’s Old Town.
The hotel, which enjoys panoramic views across the city, comprises 69 bedrooms, North Bridge brasserie, and conference and meeting rooms, as well as a private screening room and leisure facilities spanning more than 20,000sq ft.
Kerr Young, director of Hotels and Hospitality for JLL, said: “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, 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.”