Luxury addition to portfolio
Edinburgh Collection acquires Princes Street Suites
Changing hands: Princes Street Suites
Accommodation group The Edinburgh Collection has added to its portfolio of hotels in the city with the acquisition of Princes Street Suites.
Previously managed by RBH, the luxury aparthotel will retain existing staff and will bring in-house the outsourced housekeeping staff, with the 22-person team led by general manager Alain Martzolff.
Whilst the Suites’ kitchens and living areas were recently refurbished, The Edinburgh Collection will look to improve the walk-in and welcome experience by expanding the reception area with a 24-hour bar and coffee lounge. The 37 apartments will be upgraded.
Ricky Kapoor, managing director of The Edinburgh Collection, said: “Edinburgh is a robust market where we are long-term investors with a good mix of corporate, leisure and event business. The Princes Street Suites offers a luxurious edge to our portfolio.”
With Princes Street Suites joining The Edinburgh Collection’s Haymarket Hub Hotel, Old Waverley and the Holyrood aparthotel, the group now offers more than 440 bedrooms across the city and employs more than 120 staff.
Group chief executive Sheetal Kapoor: “The group has seen positive growth in profit and turnover in the last financial year and with the acquisition of Princes Street Suites, the group looks forward to continuing this trend.”