HVS HODGES WARD ELLIOTT ACTS ON SALE OF WALDORF ASTORIA EDINBURGH TO TWENTY14 HOLDINGS
The 241-room iconic Scottish luxury hotel, the Waldorf Astoria Edinburgh –The Caledonian, has been sold for £85 million, to Abu Dhabi based Twenty14 Holdings. The transaction represents the largest single asset hotel sale of the last 12 months in Scotland. Twenty14 Holdings plans to add a further 50 rooms to the 241-room iconic luxury hotel, which increases the new owner’s hotel portfolio to six (two in the UK, two in the Middle East and two in India). HVS Hodges Ward Elliott and JLL jointly acted as the agent for the Seller.