EDINBURGH landmark, The Caledonian Waldorf Astoria, has been acquired by a non-public actual property agency.
Henderson Park is a non-public actual property funding fund supervisor who’ve additionally launched their in-house hospitality operator and asset supervisor, Klarent Hospitality, to the resort.
Recognized regionally as The Caley, the resort has been a outstanding function within the metropolis for 120 years, after its completion in 1903.
The historic 5 star resort with 241 rooms, brings color to the town centre with its pink sandstone, and is a class A listed constructing.
The resort boasts a protracted checklist of well-known former visitors having hosted Her Majesty the
late Queen Elizabeth II and former US President Barack Obama.
Many Hollywood legends have additionally been welcomed together with Laurel and Hardy, Judy Garland, Charlie Chaplin and Sean Connery.
The resort, which takes its title from the Caledonian Railway Firm, the unique house owners of the constructing, presents views throughout the town.
Positioned minutes away from Edinburgh’s two essential prepare stations, it gives
fast entry to the town’s essential vacationer spots, resembling Edinburgh Citadel.
It is usually only a few minutes’ stroll each from the primary enterprise district and the Edinburgh Worldwide Convention Centre.
This made it a really enticing funding for Henderson Park and Klarent Hospitality, who’ve recognized a lot of alternatives to spend money on the resort with the intention to each create worth and enhance the patron expertise.
These new upgrades embody room renovations, in addition to upgrading and restoring public areas and services.
That is the third Edinburgh resort in Henderson Park’s Klarent Hilton portfolio.
They bought the Carlton on North Bridge, on the different finish of Princes Avenue, and the Doubletree Edinburgh Airport as a part of a 2,424 room / 12 resort portfolio acquisition in November 2021.
Nick Weber, CEO and Founding father of Henderson Park commented: “This transaction presents us with a uncommon alternative to amass an iconic resort with an unbelievable 120 yr heritage that’s a part of the very cloth of Edinburgh society.
“As custodians of this landmark property, we have now a lot of deliberate investments that may enhance the visitor and customer expertise and make sure the Caley retains its standing as one in every of Edinburgh’s most emblematic accommodations going ahead.”
John Brennan, Chairman of Klarent Hospitality, added: “Within the wake of Covid 19 Edinburgh has confirmed to be some of the resilient actual property and hospitality markets within the U.Ok.
“Our Edinburgh Carlton resort, for instance, delivered important income per room progress final yr in comparison with 2019, which was pushed by a faster than anticipated restoration in abroad tourism and enterprise journey and supported by continued robust home leisure demand.
“Our plans for The Caledonian will be sure that it stays properly positioned to seize this robust demand.”