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MRP secures Dalata pre-let for Edinburgh hotel
['Lewis Berrill']
Property News for Commercial & Residential Sectors at Property Week
MRP, the property development and investment division of construction firm McAleer & Rushe, has secured a pre-let agreement with Dalata Hotel Group for a new four-star Clayton Hotel in Edinburgh city centre.
The 256-room development, at 60 Morrison Street, will be Ireland-based Dalata’s second Clayton Hotel in the Scottish capital.
Located next to the Edinburgh International Conference Centre (EICC), the £95m hotel is now under construction.
“Edinburgh continues to demonstrate strong fundamentals as a hotel market, underpinned by a vibrant tourism sector, a growing conference market and a resilient business economy,” said Angus Monteith, development director at MRP.
Shane Casserly, deputy chief executive of Dalata Hotel Group, added: “This is an exceptional city centre location adjacent to the EICC, one of the UK’s leading conference venues.”