Work has started on a £20m four-star hotel in Edinburgh’s old town, which will mark the Carlton Hotel Collection’s first boutique in Edinburgh when it is completed in spring 2018.
The project, being delivered in partnership with The EDI Group, will see the transformation of a derelict site on Market Street, which has been unoccupied for the past 50 years, into a new luxury 98-bed hotel.
Situated within the UNESCO World Heritage and Old Town Conservation Area, construction of the hotel also marks the completion of the last remaining gap site on the northern boundary of the Old Town, between Edinburgh Castle and North Bridge.
The Market Street Hotel is due to open in spring 2018 and will comprise a top-floor lounge with panoramic views across the Waverley Valley.
It is owned by Hotel Management Ltd and will be operated by Carlton Hotel Collection, which currently owns, operates and manages ten four-star hotels in the Netherlands, Belgium, England and Scotland.
Councillor Gavin Barrie, chair at The EDI Group Ltd, said: “Delivering an outstanding luxury hotel in the heart of Edinburgh’s Old Town is a significant moment for the city’s tourism and leisure industry. The design of the building carefully balances old and new to support the city’s heritage status and we’re delighted that a key under-used site for the city will be brought back into use for residents and visitors to enjoy”.
Alfred Bree, managing director of Hotel Management Int. Ltd. (purchaser) and Carlton Hotel Collection (operator), said: “The hotel product has been designed by the award-winning interior design company, FG Stijl. Situated in its historic location, Market Street Hotel will offer 98-bedrooms and a top floor Penthouse lounge and bar, with spectacular views over Edinburgh.
“The interior design of this hotel will reflect the heritage of the location and will meet all demands of the international modern traveller. All at Carlton Hotel Collection are looking forward to the successful development of this historic site and to welcoming all in spring 2018.”