A BOUTIQUE hotel in Edinburgh city centre has been put on the market with offers requested in excess of £2.25 millon.
Luxury 24 Royal Terrace is a four star hotel created in a handsome Georgian townhouse just 10 minutes’ walk from both Princes Street and Waverley train stations.
The current owners of the 16 bed hotel are relocating and have placed the hotel, including the freehold, on the market.
Stuart Drysdale, Business Agent of Christie & Co who is handling the sale, comments; “This is a rare opportunity to purchase a freehold boutique hotel in the city centre. It is an extensively upgraded property which has proved extremely popular with both international visitors and UK based tourists searching for a high standard of accommodation – currently ranked in the top 6 in Edinburgh. Accommodation in Edinburgh continues to prove popular with both investors and experienced operators.”
An extensive art collection has been built up at the hotel, which has 2 self contained apartments, which is to be offered to the hotel buyer on advantageous terms.
Also on boutiquehotels.co.uk: Our guide to places to stay in Edinburgh.