Scottish ‘no’ vote prompts sale of landmark hotel

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The ‘no’ vote to an independent Scotland has cleared the way for the sale of the iconic Doubletree by Hilton in Edinburgh’s Old Town.

The 138-bedroom hotel was sold “on a conditional basis subject to a no vote in the Scottish referendum” to real estate investors Redefine International for £25m.

Until the no vote was reached, the sale was on hold amid the “uncertainty” over Scotland’s future, according to the chief executive of Redefine International, Mike Watters.

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The acquisition of the five-storey hotel, which has recently refurbished all its bedrooms, also includes the The Chanter pub on the ground and basement floors of the property.

Mr Watters said: "Now that the uncertainty surrounding this has been removed we are very pleased to have secured this opportunistic investment in the city of Edinburgh which complements our existing hotel portfolio and plays well to the management skills of Redefine BDL (Hotel Group)."
 

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