Fattal Hotels, owner of the Jurys Inn hotel group, is to invest £32m in developing the first NYX hotel in the UK and expanding its existing Jurys Inn Edinburgh hotel.
The firm, which recently acquired the freehold to the Edinburgh hotel and the adjacent land on Jeffrey Street from the William Pears Group, is looking to expand the hotel by up to 101 additional rooms and to convert the 1.2-acre adjacent land into a new 131-room NYX hotel and 31 separate residential units.
Jason Carruthers, managing director of Jurys Inn, said the acquisition of the land would “allow us to transform the site and significantly enhance our product offering and overall capacity in Edinburgh.
“Our Edinburgh hotel already runs at more than 95% occupancy and the acquisition of the freehold there puts us in a strong position to capitalise on the influx of tourists to Edinburgh and to leverage the prime location of our hotel and the adjacent site, which we look forward to developing.”
To send feedback, e-mail Louise.Dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette
