• Highly Desirable Tourist Base / 11 en-suite letting rooms
• Beautifully Refurbished Victorian Property
• Licensed Lounge / Private Function Area
Stunning 3* Metro Hotel In Popular Edinburgh Location
This is an excellent opportunity to purchase a successful business which has been renovated to an excellent standard and trades with an enviable reputation and client base.
REF - 43143
Price - £1,500,000
Bruce and Co. are delighted to offer for sale a beautifully presented metro hotel situated in Edinburgh City Centre. The business has been awarded a 3* Metro rating by the Scottish Tourist Board and is highly rated on Trip Advisor where it receives positive reviews from previous guests. The business also features on several hotel booking sites where it receives exemplary feedback. The Hotel provides luxury modern bed and breakfast accommodation in a commanding property with elegant interior. The business has been under the very caring ownership of our clients for 15 years during which time they have carefully carried out substantial refurbishments throughout the entire property to a very high standard. They are reluctantly offering the business to the market due to their impending wish to retire.
The hotel enjoys a generous turnover and provides the owners with an excellent source of income in addition to a superbly presented property which can only be appreciated in full by viewing. The business enjoys high occupancy levels through numerous online channels and own website direct bookings which features highly in search engines and trades successfully all year round. Nearby there is a large office development and several large financial institutions and the hotel benefits from a large amount of business guests from these sources. Room service meals are provided but there is also great potential to develop a full restaurant. With the captive market of hotel guests, dinner bed and breakfast packages could also increase turnover.
The hotel has had a full hotel license for over 50 years and historically was operated as a full public house with rooms. Functions such as family celebrations have proven exceptionally popular as do weekend afternoon teas and this could easily be expanded with a little marketing.
Summary. This is an excellent opportunity to purchase a successful business which has been renovated to an excellent standard and trades with an enviable reputation and client base. Early viewing of this business is essential!
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