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Haymarket hotel sold to Israeli group

haymarket-hotelOne of Scotland’s biggest hotels has changed hands in an undisclosed deal which will see it also change name.

The 282-room Haymarket Hotel in Morrison Street, part of Whitbread’s Premier Inn chain, has been acquired by Leonardo Hotels, the European arm of Israeli Fattal Hotels Group.

The west end building, close to Haymarket Station, will become the Leonardo Hotel which is also represented in Berlin, Budapest, London and Madrid.

It was designed by the late Scottish architect Andrew Doolan, who, along with fellow majority shareholders Sandy Orr and Donald MacDonald.

Mr Orr said: “We look forward to seeing the hotel continue its significant contribution to Edinburgh’s hospitality sector.”

Kerr Young, director in the hotels and hospitality team at property consultancy JLL, who oversaw the sale of the site, said: “Edinburgh is a highly sought after location for investors keen to acquire hotel real estate in one of the best performing markets in Europe – this latest transaction demonstrates further evidence of that and we are delighted by the result.”

The hotel was put up for sale in March as Whitbread focuses on its Premier Inn format.

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