International Hoteliers look to drop anchor at Edinburgh Marina
Edinburgh Marina Holdings today confirms that it is now in advanced negotiations with a major international hotel partner for its new Edinburgh Marina hotel, which forms a key component of the wider £500 million waterside development.
The new Edinburgh Marina Spa & Conference Hotel will comprise 187 rooms with 21 suites including an exclusive 1,000 sq ft. Presidential suite. Hotel guests will have access to unparalleled facilities, including a 20,000 sq ft. state-of-the-art health spa and fitness centre, a 10,000 sq ft. Conference & Banqueting Centre, restaurants and bars. The hotel overlooks the new 340-berth Edinburgh Marina, which will be operated by internationally renowned owners and operators, Camper & Nicholsons Marinas.
This luxury new hotel together with the new Edinburgh Marina, will form the centrepiece of the development and is a major component of Edinburgh Marina Holdings’ commitment to deliver over 400 permanent employment opportunities for the local community. The developer has continued to surpass expectations, significantly increasing the number of jobs available, whilst also increasing the projected percentage of affordable homes.
The leading hotel asset management company, Michels & Taylor, is acting as advisors to the developer. The developer’s funding adviser for the Edinburgh Marina Development has now been confirmed as BFIN (Brookfield Financial), a leading global investment bank focused on major real estate and infrastructure.
Commenting on this announcement Kevin Fawcett, the developer, said: “I am delighted that there has been so much interest from leading international hoteliers in the new Edinburgh Marina Hotel. I hope to be in a position to confirm the identity of the hotelier in the very near future.”
Hugh Taylor OBE of Michels & Taylor added: “This is all great news for Edinburgh and a huge boost to the local community and for Scotland’s tourism industry. The interested hotel brands are all highly regarded in the industry and I believe that the successful candidate will be a perfect fit for this luxury waterfront development.”