Hilton to Sell Edinburgh Caledonian
OCTOBER 4, 2006. Hilton Hotels Corporation is investigating options for the sale of the historic Hilton Edinburgh Caledonian hotel - as part of the company's ongoing international strategy to reduce the number of directly owned hotel assets and retain the long term management contracts.
Built in 1903, Hilton has owned the Edinburgh Caledonian since March 2000 - the previous owners were Moat House.
With stunning direct views over Edinburgh Castle and its gardens, the 'Caley' as it is affectionately known, only recently completed a lb6.6 million refurbishment programme in 2005.
The 251-room hotel boasts a state-of-the-art LivingWell health club, the renowned Pompadour Restaurant, Hilton Meeting rooms, stylish banquet rooms and the Ocean Rooms spa.
Howard Friedman, Hilton's Area President for the UK and Ireland said: "The potential sale of the Edinburgh Caledonian works to support Hilton's overriding growth strategy, where the aim is to grow the managed and franchised strands of the business and reduce asset ownership.
"As always our aim is to retain the management contract of the hotel and keep the Hilton brand name above the door," said Howard.
The property advisors appointed to the sale are CBRE Hotels
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