Hotel owner expands into city
Former bank to become Gleneagles ‘country club’
Bank building: part of world heritage collection
Gleneagles Hotel owner Ennismore is to launch a club in a former bank building in central Edinburgh.
The hospitality developer and operator will refurbish the vacant former Bank of Scotland office in St Andrew Square.
Ennismore, which bought Gleneagles from Diageo, wants to convert the building into bars, lounges, a number of bedrooms and event space to “celebrate the traditions and glamour of country life.”
The building is next door to a former RBS branch currently being turned into the Edinburgh Grand Hotel by the Chris Stewart Group.
Ennismore has also applied for permission to open a Gleneagles club in a Grade I-listed, Georgian building in London’s Mayfair.
Sharan Pasricha, founder and chief executive of Ennismore, described the acquisition as “an exciting time” for Gleneagles as the company looks to expand the brand “through the development of another iconic building in a key Scottish city.”
He told trade magazine The Caterer: “We will be working with the relevant local authorities, residents and stakeholders as we shape our plans but we intend to invest a considerable sum to bring this building back to life whilst, like Gleneagles, respecting its incredible history and original features.”
The building was originally built for the British Linen Bank in 1846. It is located within the New Town Conservation Area and is part of the Edinburgh World Heritage Site.
Ennismore acquired the five-red-AA-star, 232-bedroom Gleneagles hotel and golf resort in 2015 for around £200m.
The company is also the owner of lifestyle brand the Hoxton, which has four hotels in London (Shoreditch and Holborn), Amsterdam and Paris, and is in the process of developing NoCo, a new brand which will operate at a lower price point.