Plans to cash in on Edinburgh tram with new boutique hotel

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Plans to convert the HM Revenue and Customs building opposite York Place tram stop, Edinburgh into a 130-key boutique hotel have been revealed.

A pre-application notice for the development has already been submitted to Edinburgh council, according to a report in Edinburgh Evening News.

Developer Consensus Capital Property said works would take around 14 months with the property likely to open in 2015.

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Negotiations are underway with potential operators, with a four-star hotel operator and a hotel apartment operator going head-to-head, according to the report.

The plan is said to be the latest in a string of proposed developments along the £776 million tram line.

Conservative transport spokeswoman Councillor Joanna Mowat was quoted saying the plans were a vindication that trams were “driving development”.

“This is an indication of the ‘tram effect’. That was what was planned – we would see development along the length of the tram route,” she added.

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