Colliers have released their annual UK Hotels Market Index that analyses ten key performance indicators of 38 cities, naming Edinburgh as the top location for hotel investment in the UK with Inverness climbing to third place.
Collies said, “Edinburgh has maintained its position at the top of our index, predominantly due to its strong performance in both occupancy and ADR during 2023, as well as its impressive RevPAR growth since 2019, making it a highly sought-after market for investment.”
On Inverness, which entered the top ten last year, Colliers said, “Inverness has continued its ascent up the ranks, now firmly established in third place. This growth is supported by the increasingly strong appeal of Scottish destinations to visitors leading to solid performance metrics, together with a limited pipeline under construction and favourable build and land costs”
Selection of Edinburgh’s hotel investment news
- £2.9m upgrade for Apex City of Edinburgh as the city continues to perform
- New The Resident Edinburgh appoints GM ahead of summer opening
- Red Carnation to open in Edinburgh
- £35m investment and re-brand for The Caledonian
- Ingliston invests in £3.5m Grand Marquee
- Former Holyrood Hotel relaunches as Marriot after £10m investment
- Heritage Portfolio and the Royal Botanic Garden Edinburgh renew partnership
- New Point A hotel to be developed on St Andrew Square
- Edinburgh expansion for European hotel group
- Dalata secures development site in Edinburgh for new 153-room hotel
- Blackfinch Property completes £5.6m bridging loan for new Edinburgh hotel
- W Edinburgh expected to open in November
- Hotel transactions almost double in 2023 to £310m according to Savills