Project to complete in 2018
£20m hotel to fill derelict Old Town site
The 98-room hotel will transform the site on Market Street which has remained vacant for more than 50 years.
Due to open in early 2018, the 98-room boutique hotel is the first venture in Edinburgh by European operator, the Carlton Hotel Collection, and will be developed in partnership with The EDI Group.
Councillor Gavin Barrie, chairman of The EDI Group, said: “Delivering an outstanding luxury hotel in the heart of Edinburgh’s Old Town is a significant moment for the city’s tourism and leisure industry.
“The design of the building carefully balances old and new to support the city’s heritage status and we’re delighted that a key under-used site for the city will be brought back into use for residents and visitors to enjoy.”
Alfred Bree, managing director of Hotel Management and Carlton Hotel Collection, said: “All of us at HMI and Carlton Hotel Collection are delighted that the construction of the new Market Street Hotel has started.
“Together with EDI and all other partners, we have been working very hard to plan and design a very special lifestyle hotel that is unique for Edinburgh.”
The hotel has been designed by the interior design company, FG Stijl which has offices in Dubai and Amsterdam.
Construction services company, ISG, has been appointed as the main contractor for the project.