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

Restaurant
South Glamorgan, Wales, UK

Beautifully presented restaurant in Cardiff. Affluent trading area. Run under management. Stunning premises, beautifully presented throughout. Offers invited.

Asking Price: £230,000
Turnover: £650,000

Dental Surgery
Derbyshire, UK Wide

Peak District/Stockport Postcode Area. Very well-established Private Family Dental Practice. Excellent high street location and with good transport links. Offers invited.

Asking Price: £870,000
Turnover: £636,000

LEASEHOLD


Mediterranean Bar & Restaurant
Darwen, Lancashire, North West, UK

Prominent Town centre location. Imposing detached property. Newly refurbished in 2015. Customer seating for 110. High end fixtures and fittings. Offers invited.

Asking Price: £550,000
Turnover: £520,000


View more businesses for sale

News Search

Latest News

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

 
01
 
Jun
 

Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
13
 
Jan
 

Travis Perkins offloads plumbing and heating business | DIVISION SALE

Britain’s largest building materials group Travis Perk...

 
13
 
Aug
 

Forensic science equipment supplier completes MBO | MBO/MBI

A private equity firm has backed the management buyout of a ...

 
12
 
Oct
 

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

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

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