The Edinburgh Collection has acquired the Princes Street Suites to bring into its growing portfolio across the city.
The Princes Street Suites comprises 37 one, two and three bedroom apartments and was previously managed by RBH, with all existing staff retained as part of the acquisition deal.
The aparthotel will also now bring in house all outsourced housekeeping staff , with the 22-person team led by general manager Alain Martzolff.
The Edinburgh Collection is a portfolio of hotels in Edinburgh, Scotland which includes the three-star The Old Waverley; four-star Holyrood apartHOTEL serviced apartments; and Haymarket Hub Hotel.
Ricky Kapoor, managing director of The Edinburgh Collection said: “Edinburgh is a robust market where we are long term investors with a good mix of corporate, leisure and event business. The Edinburgh Collection is well placed to cater to this with each of our Edinburgh properties offering its own unique character, appealing to a different kind of customer. The Princes Street Suites offers a luxurious edge to our portfolio and our team are looking forward to marketing it effectively from within our group.”
Whilst the suites were recently refurbished with fully equipped kitchens and living areas, The Edinburgh Collection will substantially improve the walk-in and welcome experience by expanding the reception area with a 24-hour Bar & Coffee Lounge.
The apartments will be upgraded to include smart TVs, USB charging points and provide a Handy Smartphone Companion.
Sheetal Kapoor, Group CEO of The Edinburgh Collection also commented: “The acquisition of Princes Street Suites enhances The Edinburgh Collection’s portfolio in the city with a full range of accommodation options from the affordable business class Haymarket Hub Hotel; the historic Old Waverley; and the 4-star Holyrood apartHOTEL just off the city’s Royal Mile. The group now owns in excess of 440 bedrooms across Edinburgh, employing over 120 staff across the four properties. The group has seen positive growth in profit and turnover in the last financial year and with the acquisition of Princes Street Suites the group looks forward to continue this trend.”