Indicative hotel plans prepared by Holmes Miller show the potential for 155 mid market hotel bedrooms the upper floors including two new upper floors clad in glass, providing some of the most sought after hotel rooms in the city.
The £17 million deal will turn the existing office space, formerly used by HM Revenue & Customs (HMRC), into a 127 bedroom hotel development with a 30 year lease.
Located on York Place, the hotel will be at the heart of Scotland’s capital city and less than 100 metres from one of the main stops on Edinburgh’s new tram network.
The deal is one of the largest in the city this year, and marks the firm’s move into the hotel sector after building a successful presence in the social and residential property market across the UK. Consensus Capital Group’s London office, based in Mayfair, opened last year and is working on several developments in the south east of England.