The EDI Group has announced plans to sell the hotel site at the India Quay development in Edinburgh.
The site, which is within the planned mixed use quarter in the capital’s Fountainbridge area, has gone on the market with EDI looking for an unconditional sale deal to be sorted by the end of December 2016.
The masterplan for India Quay is to bring a new vibrant and creative neighbourhood to Edinburgh, which will be home to shops, businesses and presents the opportunity for an operator to enter the hotel sector or strengthen their position further.
Edinburgh remains one of the most sought after hotel markets in Europe.
Accessed from a new internal road linking it with Dundee Street and the wider development, the site has frontage to both the north and onto the footpath of the Union Canal.
Keith McBain, director, JLL, said: “The site is ideally placed to not only capitalise on what will be a new mixed-use quarter, but also to penetrate the thriving Edinburgh hotel market. As such, we expect to see a high level of interest from investors and owner operators.”
Jen Blacklaw, development manager, The EDI Group, said: “EDI is committed to delivering the award-winning masterplan for India Quay, and by offering the site to the market we are another step closer to achieving this. As a key strategic site in Edinburgh, it incorporates a mixed-use of apartments, shops and businesses, along with the largest build-to-rent scheme in Scotland to date. India Quay offers an exciting opportunity, creating a new and vibrant addition to the capital.”