Cheval Collection, the London-centric serviced apartment operator, has announced expansion in Scotland as part of a ‘long-term strategic vision’ for UK and international growth.
From July 2020, Cheval Collection will brand and operate two historic properties in the heart of Edinburgh, The Edinburgh Grand and the Old Town Chambers, following an agreement signed between Mohammed S Almarzooqi, managing director of the Cheval Collection and Chris Stewart, CEO of the Chris Stewart Group (CSG), the owner and developer of the properties.
The two properties add a further 100 new apartments to Cheval’s existing portfolio of 512 apartments across its eight London Residences.
The deal has been 12 months in the making, sealing a partnership between Cheval and CSG that is expected to cultivate further investment opportunities for both organisations in the future.
George Westwell, CEO of Cheval Collection, said: “We are delighted to announce this new agreement as part of our long-term expansion plans. The Chris Stewart Group with some of the most historically rich buildings in Scotland’s capital was our first choice for Edinburgh when we opened discussions in 2019. These will be our first properties outside London and a huge step in our ever-evolving journey and ambition to become the pre-eminent leader in luxury serviced apartment accommodation worldwide for any length of stay.”
Located in prime city hotspot, St Andrew Square, Cheval The Edinburgh Grand includes 50 apartments, The Register Club, an onsite cocktail lounge and bar and a CaveFit gym.
Affiliated with Cheval The Edinburgh Grand is an independently run Hawksmoor Restaurant, and Lady Libertine, a lower ground bar and restaurant.
Cheval Old Town Chambers includes 50 apartments with a further 25 apartments, opening on to the Royal Mile, will be launched in 2021.