By Ian McConnell
OSBORNE House in Edinburgh, the subject of detailed planning consent for the development of a 157-bedroom hotel, has been brought to market by Christie & Co and Ryden on behalf of S Harrison Developments.
Christie & Co noted the consent for the building, in the Haymarket area of the Scottish capital, involved “the repurposing of the existing, on-site offices, together with sensitive areas of new-build structure”.
The property agent said "the intention will be to work with potential end user operators and investors to deliver a turnkey solution on either a lease or alternatively, heritable (Scottish legal equivalent of English freehold) terms".
It added: "The total scheme will deliver a gross internal floor area of 6,028 square metres (64,885 sq ft), whilst a potential second phase may be available in due course which could enhance the level of accommodation.”
Christie & Co noted Osborne House was around five minutes’ walk from Haymarket Station.
Ann Scott, managing director of S Harrison Developments, said: “Having delivered the sensitive conversion of Buchan House on St Andrew Square for Malmaison’s boutique hotel brand as well as bringing forward a number of successful student accommodation schemes in the city, Edinburgh is a city we are very pleased to be working in again. We always approach the development process from a collaborative perspective and aim to deliver schemes of exceptional quality for both owners and operators.”
Jon Patrick, head of leisure and development at Christie & Co, said: “Edinburgh hospitality development opportunities are relatively few and far between and having a property with the benefit of an existing planning consent is therefore a bonus. Over the last few years we have witnessed an increase in the number of both domestic and international aparthotel and serviced apartment brands targeting expansion in the UK. This particular segment of the hospitality sector has fared well during the pandemic, and we envisage strong demand from extended stay operators as well as a wide variety of select service brands.”
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