Edinburgh’s Old Town is preparing for a new boutique hotel, as developers announce plans to transform a vacant site at King’s Stable Road into a 125-150-bed establishment.
The new hotel will be located in the city’s historic Grassmarket area, and will form part of the larger mixed-use development plan, which will include flats, student accommodation, an arts cafe complex and artisans’ workshops.
Reflecting its location, the hotel will be specifically designed to capture the history and character of the surrounding area and will provide somewhere between 125 and 150 bedrooms, feature a courtyard and will boast views of Edinburgh Castle.
The proposed redevelopment of the buildings of King’s Stables Road, which have been vacant since 2009, will be taken forward in a joint venture between Peveril Securities – the development arm of the Bowmer and Kirkland Group – and Campus Development Management.
Jeremy Collins of Jenics, hotel adviser to the developers said: “We are particularly aware of the sensitive nature of the site and its location as a UNESCO World Heritage Site, located within the city’s proposed cultural quarter. These aspects are of particular significance in our ongoing discussions with hoteliers and are clearly seen as beneficial features when it comes to marketing the location.
“The site will likely provide somewhere between 125 to 150 bedrooms and we are looking at creating a ‘non cookie cutter’ quite design It also boasts the unique feature of being situated immediately below Edinburgh Castle.
“It is fair to say we have been inundated with enquiries and are in discussions, albeit at an early stage, with a number of operators, given the King’s Stables Road site is one of the last few prime pieces of hotel real estate within the City."