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News Release

Edinburgh

JLL appointed to offer for sale the Crowne Plaza, Royal Terrace, Edinburgh


Edinburgh, 14 September 2015 - Ryan Grant, Lee Causer, Catherine Williamson and Elizabeth MacKay of AlixPartners Services UK LLP (AlixPartners), the Joint Administrators of Fontenhall (Scotland) Limited, have appointed JLL Hotels and Hospitality Group to dispose of the Crowne Plaza, Royal Terrace, Edinburgh.

The Crowne Plaza Hotel offers an exceptional location within easy walking distance of the retail and commercial heart of Edinburgh of Princes Street and George Street, Waverley Station, the Omni Centre, John Lewis, Harvey Nichols, The Scottish Parliament and an array of excellent local shops, bars and restaurants.

The 4-star Crowne Plaza, Royal Terrace, Edinburgh comprises 100 bedrooms, bar, restaurant, three meeting and event spaces, all with natural daylight, a club lounge, swimming pool, gym as well as landscaped gardens

The hotel is available subject to a franchise agreement with IHG Hotels Limited, one of the world's leading hotel companies or with vacant possession subject to negotiation.

Kerr Young, Director of JLL Hotels and Hospitality Group commented: "Edinburgh is the strongest performing hotel market in the UK after London and one of the best performing hotel markets in Europe. The Crowne Plaza provides an opportunity for an investor to extract value through active asset management, leveraging in-house expertise or an experienced third-party operator, in one of the UK's most sought after hotel markets".

Kerr Young Director of JLL added: "Having successfully sold the Crowne Plaza, Roxburghe Hotel in 2014, we are confident that the hotel will attract interest from a variety of owners and operators from the UK as well as further afield.