Budget hotel coming to historic Edinburgh building

Hotel News - 04/07/2011

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Part of a Grade II listed historic building in Edinburgh will be turned into a budget hotel. The iconic site on Princes Street used to house the R W Forsyth department store.

The building today is home of fashion store Topshop but the building’s top floors are to be developed into a budget hotel operated by Travelodge. The hotel, with 96 guest rooms, is scheduled to open by summer next year.

The hotel development is one component of a deal the hotel chain recently agree with Arcadia Group. Arcadia, owns the Topshop building and is the biggest privately-held clothes retailer.

Travelodge is to lease the building from Arcadia for 35 years at a cost of £10 million. The new hotel will be one of a pair the chain is developing in the city, the other one being on Queen Street.

The two new hotels will take the number of hotels Arcadia owns in Edinburgh to 13. It has been years since the Topshop building’s top floors were being used.

Guy Parsons, CEO of Travelodge, says the new hotel will occupy four floors over the Topshop outlet. He said the hotel will occupy space that has in the past been used for offices, as well as storage.

Travelodge is due to open 20 other new hotels across Britain this year. One of these, at Glasgow Airport, is being built with total combined investment worth £165 million.

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