Sale signals healthy demand

London investor buys Edinburgh easyHotel

easyHotelAn easyHotel on Edinburgh’s Princes Street has changed hands after being put on the market for  £1.75 million.

Acting on behalf of the owners of Parcotel, commercial property firm Colliers International sold the business to a London-based investor and operator.

The new owner will continue to operate and manage the business under the easyHotel franchise agreement.

The 29-bedroom property enjoys high occupancy levels.

Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “The sale of the easyHotel signals the continuing demand for city centre hotel properties in Edinburgh, particularly when in prime locations, whether they be budget or 4/5 star standard.”

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