Edinburgh’s 5-star Scotsman Hotel up for sale

Thu, 10 Nov 2016 | COMMERCIAL PROPERTY

Edinburgh’s five-star Scotsman Hotel is up for sale after going into liquidation in June this year.

The hotel, on the city’s North Bridge, was formerly the home of a number of Scottish newspapers and was previously owned by Saudi billionaire Sheikh Mohamed Bin Issa Al Jaber.

Its owners, JJW Hotels and Resorts group, were unable to salvage the business so have decided to put it on the market.

The 69-bedroom hotel, which also has conference and meeting rooms and leisure facilities, offers panoramic views of Edinburgh including tourist areas Princes Street and Calton Hill.

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."

Find hotels for sale.


Share this article



Latest Businesses for Sale

Accountancy Practice
Norfolk, UK Wide

The practice has been around for over two decades with virtually zero DB transfer exposure and a focus on financial planning. The Practice represents one of the cleanest Businesses you’re likely to see anywhere on the marketplace at this time. Number...

Asking Price: £750,000
Turnover: £300,000

Manufacturer of Niche Agricultural & Engineering Products
West Midlands, UK

This well-established manufacturer for sale has been trading for over 185 years and has built up a considerable niche business for agricultural and engineering products for a cross-section of industry sectors. The business to be sold is ideal for acq...

Asking Price: Offers Invited
Turnover: £1,700,000

Wealth Management Firm
Hampshire, UK Wide

Highly Profitable Wealth Management Firm. Great Staff Base Who Will Remain and Continue to Manage the Clients. Established: 25 to 30 years. Number of staff: 5 to 10. Offers invited.

Asking Price: £4,500,000
Turnover: £1,400,000


View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
Feb
 

Street food catering firm seeks buyer after entering administration | ADMINISTRATION

Shrewsbury-based catering company MPM Catering has entered a...

 
20
 
Feb
 

Heycar acquires HonestJohn.co.uk following administration | BUSINESS SALE

Online used car service Heycar has purchased the independent...

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

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