Commercial Property News

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Thursday, December 20, 2023

Canadian hotel chain looks to expand in Edinburgh

The pressure on Edinburgh's groaning hotel space problem is set to be eased with the UK arm of a successful Canadian operation looking to establish its first base north of the border.

Leading commercial property agents DTZ are working with Future Inns UK to find a suitable site in the capital for a new 150 bedroom hotel which they would hope to have completed and open within the next two years.

Industry figures suggest that Edinburgh will require an additional 4,000 quality hotel rooms to meet demand by 2015 and DTZ Director, Chris Dougray is leading the team looking for the minimum space of 0.5 acres required by Future Inns.

"The Future Inns hotel mix of comfortable, convenient and value for money rooms is already successful in Cardiff and Plymouth. They are currently constructing a third hotel, in Bristol, where they are working with Land Securities and Hammerson.

"Given the progress they are making south of the border, they feel the time is right to expand their operation to a city which is struggling to meet demand at the moment," he added.

"We are looking at a couple of locations at the moment with both new build and redevelopment of existing buildings possible. The development represents a significant investment for Future Inns and we are confident we will find the right site to allow them to the opportunity to the full potential."

The Future Inns hotel concept was established in the Nova Scotia region of Canada by entrepreneurs Bruce and Del Brett in the late 1980s and the organisation moved into the UK in 2003.

UK Property Director, Graham Stockman, said the new hotel in Edinburgh would represent an investment of 15-20 million in the city and could create 60 - 70 new jobs.

"Our hotels offer a unique blend of facilities and services at a price level less than might be expected. We're confident it would be an attractive proposition for the wide range of travellers who visit Edinburgh due to its strong commercial base and vibrant tourism sector," he added.