Grosvenor Britain & Ireland has sold the hotel development site in a former industrial area of central Edinburgh to Queensgate Hotels.
The site, which has an existing hotel planning consent from Edinburgh City Council, forms part of Grosvenor’s Springside mixed-use development located close to the central business district and Edinburgh International Conference Centre.
Robin Blacklock, planning and development director Scotland for Grosvenor Britain & Ireland, said: “This marks another milestone in the transformation of Fountainbridge. The hotel will benefit from close proximity to all of the amenities of the central City and will bring further jobs and vibrancy to the area.”
Grosvenor was recently granted planning consent by Edinburgh City Council for up to 400 new homes adjacent to the hotel site in Fountainbridge. Grosvenor was advised by Savills.
Hampton by Hilton has 16 hotels in the UK with an additional 17 in development.