The No vote in the independence referendum has cleared the way for the sale of a landmark Scottish hotel.
Doubletree by Hilton, in the heart of Edinburgh's Old Town, has been purchased by Isle of Man-based real estate investors Redefine International for £25.27 million.
The transaction was structured "on a conditional basis subject to a No vote in the Scottish referendum" and has been on hold amid the "uncertainty" over Scotland's future, chief executive Mike Watters said.
First Minister Alex Salmond and Better Together leader Alistair Darling delivered their final pre-referendum Sunday broadcast interviews at the Bread Street hotel, with its iconic views of Edinburgh Castle as a backdrop.
Redefine International's directors include non-executive chairman Greg Clarke, chairman of the English Football League.
The acquisition of the five-storey hotel, which has 138 recently-refurbished bedrooms, also includes the The Chanter pub on the ground and basement floors of the property.
Mr Watters 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 (Hotel Group)."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article