W Edinburgh hotel and St James Quarter stake up for sale
International news
Just months after opening, the W Edinburgh hotel in Scotland’s capital city, known for its distinctive design which has been likened to a chocolate walnut whip, is on the market alongside a 25% stake in the surrounding St James Quarter development.
The hotel’s owner, Nuveen Real Estate, has appointed Savills to sell the freehold interest in the 244-room, ten-storey property.
The hotel is operated under a long-term agreement with Marriott International and has 360-degree rooftop bar with panoramic views.
While the hotel’s design has been a source of debate among locals, its location in the heart of Edinburgh’s premier shopping district is undeniable.
Savills highlighted the property’s “exceptional location” and “phenomenal footfall” – both factors expected to attract strong investor interest.