Star-studding Edinburgh hotel for sale

A five-star Scottish hotel frequented by the stars is up for sale following the collapse of its parent group.

The prestigious Glasshouse Hotel in Edinburgh - which has welcomed celebrities such as Kylie Minogue, Annie Lennox and Meryl Streep - is on the market after the Eton Collection Group collapsed.

The glitzy Edinburgh hotel, which opened in 2003, and four other hotels owned by the group are now looking for new owners. All have been put on the market after KPMG were appointed administrators. It is understood the hotel will trade while a buyer is sought.

The 69-bedroom hotel boasts Edinburgh’s only rooftop terrace and is situated beside the Playhouse Theatre. But despite its glamour and celebrity fans, the hotel made a loss of £154,583 last year.

Added to a reduction in business due to the recession, the development of a tram network outside the hotel has also been mooted as a business blocker.

A spokeswoman for KPMG said they were in the process of finding new owners for the hotel.
“No immediate redundancies have been made and the hotels are to continue trading while a buyer is sought.”

The Glasshouse was previously voted by Conde Nast Traveller as one of the top 50 hottest hotels in the world.

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