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

Debt Collection Services
UK Wide

Highly experienced management team in place, possessing the knowledge and skills required to manage and grow the business on an ongoing basis. Operates from premises based in South England, with leasehold and freehold options available. Offers invite...

Asking Price: Offers Invited
Turnover: £6,100,000

FREEHOLD


Indoor Activity Centre
Warwickshire, UK Wide

Well established and impressive children’s indoor activity centre. Prominent and accessible trading position, excellent reputation. Superbly presented throughout, 70 covers, car parking, retirement sale. The business has a thriving 100 cover café wit...

Asking Price: £450,000
Turnover: £306,000

LEASEHOLD


Day Nursery
Yorkshire and the Humber, UK

Highly impressive detached children’s day nursery (Reg 40 children). Sought after and accessible setting, truly enviable reputation, Ofsted rating ‘Good’. Superbly presented, potential living accommodation, viewing recommended. This is a rare and exc...

Asking Price: £595,000
Turnover: £344,207

FREEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

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