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 the 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 offers 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.”
About CBRE Hotels
CBRE Hotels is the world’s leading, full-service, real estate advisory group focused exclusively on the hospitality industry. CBRE Hotels provides consultancy services for the sale, valuation, financing, development and asset management of hotels. Headquartered in London, the group has offices in Munich covering Germany and CEE (Central and Eastern Europe), Ireland, France, Spain, Italy and with dedicated hotel teams in the United States and the Asia-Pacific region.
For more information click here
The post The Doubletree by Hilton Edinburgh City Centre on the market appeared first on Hospitality & Catering News.