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Sign in Sign up for a FREE subscriptionEdinburgh Council agrees to 25-year lease for Scotland’s first Hyatt hotel
The City of Edinburgh Council has agreed to a 25-year lease with M&G Real Estate and its property development partner, Qmile Group, for a 349-bed Hyatt Centric hotel at Haymarket Edinburgh.
“Scotland’s first Hyatt Centric will be an excellent addition to Edinburgh’s world-famous hotel, leisure, and tourism sector, adding capacity and additional hospitality, conference and bar facilities,” said Paul Curran, chief executive of Edinburgh-based Qmile Group.
The seven-story hotel will be the first Hyatt Centric – Hyatt’s range of modern boutique hotels located in the heart of some of the world’s most-visited cities – in Scotland and will be managed and operated by the Edinburgh International Conference Centre (EICC) under a franchise agreement with Hyatt Hotels Corporation. With construction scheduled to begin soon, the hotel is expected to create about 200 jobs and is scheduled to open in 2025.
In addition to the Hyatt Centric, the 200,000-square
