Purchased for undisclosed sum
Bonham Hotel sold to US investor group
The Bonham Hotel, a boutique hotel in Edinburgh’s west end, has been sold for an undisclosed sum to a group of US investors headed by Chicago-based fund manager Richard H. Driehaus.
The 49-bed luxury venue was bought in 2015 by global private investment company Starwood Capital as part of the Town House Collection, which included the Blythswood Hotel in Glasgow.
Set within three traditional Edinburgh townhouses on the Capital’s Drumsheugh Gardens, the hotel includes a bar and restaurant and an 18-space car park.
The new owner will have the potential to extend the property, with the hotel having significant scope for further development, including the addition of five more bedrooms, plus development over the car park, subject to planning permission.
Property consultant JLL acted on behalf of Starwood Capital Group for the off market sale and Kerr Young from JLL Hotels & Hospitality Group said: “It is no surprise that the sale of The Bonham attracted significant interest from both domestic and international buyers.
“Edinburgh currently boasts the strongest U.K. hotel market outside of London, with a thriving corporate, finance, tech and leisure market. This combination of factors provided a compelling investment proposition.”
Mr Driehaus is the founder, chief investment officer and chairman of Driehaus Capital Management in Chicago.