The Edinburgh Collection has acquired the luxurious aparthotel, Princes Street Suites.
The Princes Street Suites won the 2019 Scottish Hotel Awards’ Family Hotel of the Year category in Edinburgh and the Lothians for the second year in a row.
The 37 one, two and three bedroom apartments enjoy a city centre location with a striking roof terrace commanding views of the city skyline and Edinburgh Castle.
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 Edinburgh Collection is well placed to cater to this with each of our Edinburgh properties offering its own unique character, appealing to a different kind of customer. The Princes Street Suites offers a luxurious edge to our portfolio and our team are looking forward to marketing it effectively from within our group.”
Princes Street Suites will retain existing staff and will bring in-house the outsourced housekeeping staff, with the 22-person team led by GM Alain Martzolff.
By coming under The Edinburgh Collection group, Princes Street Suites will now benefit from collective local marketing expertise and group promotions with branding consistent with the rest of the group.
Whilst the suites were recently refurbished with fully equipped kitchens and spacious living areas, The Edinburgh Collection will substantially improve the walk-in and welcome experience by expanding the reception area with a 24-hour Bar & Coffee Lounge. The apartments will be upgraded to include smart TV’s, USB charging points and provide a Handy Smartphone Companion in each apartment providing a complimentary guest amenity offering free unlimited data and calls with content such as destination guides and google maps. These additions are in keeping with The Edinburgh Collection’s drive to provide user friendly technology. This, combined with improved meeting room accommodation, is part of a move to attract local companies to use its facilities for day lets of the suites for meetings of 8 to 12 delegates, which will also be actively promoted.
Sheetal Kapoor, Group CEO of The Edinburgh Collection also commented:
“The acquisition of Princes Street Suites enhances The Edinburgh Collection’s portfolio in the city with a full range of accommodation options from the affordable business class Haymarket Hub Hotel; the historic Old Waverley; and the 4-star Holyrood apartHOTEL just off the city’s Royal Mile. The group now owns in excess of 440 bedrooms across Edinburgh, employing over 120 staff across the four properties. 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 continue this trend”.