Deal agreed for hotels development in Edinburgh's Royal Mile
- 9 December 2013
- From the section Edinburgh, Fife & East Scotland
A hotel chain has announced it will move into an area off Edinburgh's historic Royal Mile if the plans get the go ahead next year.
Two Premier Inn hotels, with 257 rooms between them, would be built as part of the £150m Caltongate proposal.
The agreement is between Artisan Real Estate Investors and Whitbread, which owns Premier Inn.
The hotels are expected to be part of a wider mix built around a "pedestrian-friendly" urban centre.
The plans include open public spaces with independent retailers, restaurants, homes and offices.
Both hotels will sit next to each other on the five acre site, with frontages on to East Market Street and Cranston Street.
Lukas Nakos, Artisan's managing director, said high quality hotel provision will be the "cornerstone" of the development.
He said: "We will be placing strong emphasis on the quality of design and materials to ensure both hotels reflect their historic Royal Mile setting as well as ensuring that the wider area benefits from the increased visitor spend."
John Bates, of Whitbread Hotels and Restaurants, said: "This is another outstanding deal for Premier Inn. It gives us more than 257 new bedrooms in central Edinburgh and also our first new Hub by Premier Inn outside London."