UK: The Resident Edinburgh, operated by Resident Hotels, is due to open in 2024 after a full repositioning of the original headquarters of Her Majesty’s Revenue and Customs.
Mactaggart Family & Partners (MF&P), owners and majority shareholders of Resident Hotels, acquired the building from the development arm of Mapeley. The site is Meldrum House on Drumsheugh Gardens.
The new hotel will be designed by Scottish architects Michael Laird and Associates. Planning permission was secured in November 2020, which will see the building transformed into a 166-room hotel.
Resident Hotels will operate the property under a management contract, marking its first launch since The Resident Covent Garden which opened in February 2019.
The group aims to partner with bars and restaurants to showcase the local area.
David Orr, CEO at Resident Hotels, said: “Edinburgh is perfect for The Resident brand, being rich in arts and culture, education and entrepreneurial businesses attracting a wide range of both domestic and international visitors, eager to immerse themselves in the city.
“We want people to stay in genuinely interesting places and we hope that by creating welcoming, well-designed hotels with highly-engaged team who know their neighbourhoods, we can play a role in those communities while creating a wonderful guest experience.”
William Laxton, CIO of MF&P, said: “Edinburgh – and this micro location within it – is perfect for The Resident guest product and operating model and we are thrilled to be bringing our amazing team to this world class capital city. The acquisition and development adds to our momentum, having rebranded the group in early 2020 and achieved exceptional guest feedback through TripAdvisor.
“The transaction also demonstrates our belief in the operating model, at a time we begin the implementation of our ambitions to grow Resident Hotels as an operator of third party owned hotels.”
Resident Hotels currently offers 379 rooms across five city-centre hotels.
