Edinburgh hotel for sale

Tue, 15 Sep 2015 | BUSINESS SALE

The Crown Plaza Hotel in Edinburgh is up for sale after its former owner collapsed into administration earlier this year.

The four-star property is located in Royal Terrace in the Scottish capital and in its current guise has 100 rooms for rent, a swimming pool, meeting spaces and a gym.

Crown Plaza was owned by Prima, which collapsed in May of 2015. The Edinburgh hotel and four others were placed into administration as a result and its affairs have since been managed by joint administrators at AlixPartners.

The team are now selling the property through JLL Hotels and Hospitality Group either subject to a franchise agreement with IHG Hotels, or with vacant possession subject to negotiation.

JLL director Kerr Young commented: “The Crowne Plaza provides an opportunity for an investor to extract value through active asset management, leveraging in-house expertise or an experienced third-party operator, in one of the UK's most sought after hotel markets.”

He added that Edinburgh is the strongest performing hotel market in the UK after London and also outperforms many European regions.

Indeed, a recent study from BDO confirmed that room revenues in Edinburgh were the highest in the UK, London excluded, and came in at an average of £86.34 in June.


View more hotels for sale.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Oct
 

Shopping centre in Northern Ireland for sale at £18m | BUSINESS SALE

Bow Street Mall in Lisburn, one of Northern Ireland's b...

 
02
 
Jul
 

Furniture company prepares to fall into administration | ADMINISTRATION

Fife-based furniture manufacturer Havelock Europa has suspen...

 
26
 
Mar
 

Prezzo announces closure of 94 restaurants | BUSINESS SALE

The Prezzo restaurant chain has announced that creditors hav...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources