Apex City of Edinburgh hotel in Grassmarket is undergoing a £2.9 million refurbishment, as well as increasing its capacity. The project is due for completion in early May.
It comes as new research reveals this summer’s Edinburgh Fringe is expected to return to pre-Covid levels, and against the back-drop of an active hotel sector in the city, with Savill’s saying earlier this year that the city is “expected to remain the highest performing hotel market outside of London in 2024.”
Apex are completing a 122 bedroom and corridor refurbishment as well as converting a meeting room space into three new bedrooms to increase capacity to 125 rooms, and all room and corridor lighting are also being upgraded to LED as part of the hotel’s commitment to zero carbon.
The hotel is working with Ian Springford Architects for design consultancy, while CLC Group is the lead contractor overseeing the works.
Ronnie MacKay, Cluster General Manager for Edinburgh said, “We are delighted to be upgrading our rooms and corridors for our customers to enjoy. Apex City of Edinburgh is a popular destination in the heart of Grassmarket in Edinburgh’s old town, boasting some of the best views of Edinburgh Castle and the city.”
Michael Stott, Commercial Director Apex Hotels said, “Apex Hotels continues to grow following a positive financial year, allowing us to re-invest in our properties across the UK. We recognise the popularity of Edinburgh as a destination and the high standards our guests expect. This investment will provide even more capacity at the hotel and ensure our visitors have the very best stay with us.”
Apex City of Edinburgh is Apex Hotels’ first property, bought by Norman Springford in 1996. Apex Hotels now has 9 properties across the UK including London, Bath, Glasgow, Edinburgh, Dundee and most recently, Pine Trees in Pitlochry.
Selection of Edinburgh’s hotel investment news
- £35m investment and re-brand for The Caledonian
- Canny Man’s hotel get’s the go ahead
- 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
