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New Hotel Opportunity for Scotland’s Capital Airport
London, 3rd March 2014 - Jones Lang LaSalle announces a unique opportunity to develop the most accessible and visible hotel at Edinburgh Airport, within the airport boundary.
The proposed hotel would be a 175 bedroom development with on-site car parking on a prominent position on the main access road into Edinburgh Airport, approximately a four minute walk from the main terminal building.
Edinburgh Airport handled over 9.7 million passengers in 2013 and it is envisaged this number will increase to 12.3 million by 2020. It will become even more accessible with the Edinburgh tram network due to be fully operational from May 2014, allowing passengers to travel from the hotel and airport directly to the east end of Edinburgh’s New Town at York Place – via Princes Street – in 30 minutes.
Edinburgh Airport has one of the lowest ratios of hotel bedrooms per 10,000 passengers in the UK. The increasing demand for on-site accommodation has allowed growth in revenue per available room of approximately 16 per cent over the past five years.
Will Duffey, Senior Vice President in Jones Lang LaSalle’s Hotels & Hospitality Group said: “This is a unique opportunity to develop an on-site hotel at Scotland’s busiest airport. Set near to the iconic control tower, this is a prime location for a hotel with ease of access to the airport terminal, motorway network, and the new tram terminus.”
Edinburgh Airport Limited is looking to enter into a leasehold agreement for the site, precise terms of which are negotiable and wish to secure a high quality hotel in line with the investment currently being made in the airport itself.
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