A proposal for a 17-bedroom boutique hotel in Leith, Edinburgh is being backed by one of the city’s wealthiest entrepreneurs.
While some areas of Leith have been given a smart overhaul over the past few decades, including the docklands and Shore, others have had to wait their turn.
Now former pub tycoon Kenny Waugh is backing plans for a new hotel in a cul-de-sac off Leith Walk. If approved the hotel could see fortunes change for Mr Waugh himself, who was forced to sell much of his bar and bookies’ empire in 2011 because of mounting losses and bank debts of £46.2m.
The new addition to Smith’s Place will help boost Leith’s growing tourism sector even further.
However, the boss of the Malmaison Hotel on Tower Place said any new boutique hotel would face significant challenges on Leith Walk.
Speaking to Edinburgh News, general manager Stewart Campbell said: “When it comes to taking advantage of peak dates like the Six Nations and New Year, we will always fill up a little bit later than the central hotels. We do always fill, but we would command a lesser rate because of that.”