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The Doubletree by Hilton Hotel in Edinburgh has been sold for £25.27m as part of a deal that was conditional subject to a Scottish ‘no’ vote.
The 138-bedroom hotel – recently refurbished – was sold to property investor Redefine International. The five-storey premises also includes the the Chanter Public House, located on the ground floor and basement floors of the property.
Mike Watters, chief executive of Redefine International, said: “The transaction was structured on a conditional basis subject to a no vote in the Scottish referendum.
“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.”
