The 259-room property sits in the heart of Edinburgh, a city that ranks as the UK’s second most visited destination and a key hub for both leisure and business travel. Essendi, which already owned the hotel’s business operations, has now secured the underlying real estate, consolidating its position in a market known for strong and resilient demand.
The transaction not only covers the ibis hotel but also includes several additional tenants within the property, such as a second hotel, a café, a supermarket, and a bar. This acquisition is aligned with Essendi’s long-term transformation strategy to focus on fully owned, high-performing assets in the economy and midscale segments across Europe. By securing freehold ownership, the group strengthens its ability to capture value through future renovations, improves portfolio liquidity, reduces rental costs, and enhances overall margins.
“This operation is part of a clear strategic rationale: by acquiring full ownership of our key locations, we are strengthening our ability to control the entire value chain. This not only enables us to significantly improve our operating efficiency, but also to sustainably increase the overall value of our asset portfolio.” – Martijn van der Graaf, Chief Operating Officer Western Europe at Essendi
“The acquisition of full ownership of ibis Edinburgh Centre South Bridge marks a decisive step in consolidating an asset we know well and whose performance has proven particularly solid over the years. This deal is a great milestone, and just the beginning of our strategy as we’re now fully focused on executing our value-add plan to further enhance the asset. I am grateful to our counterparts, advisors, and internal teams for their support throughout the process.” – Nikitas Korres, Asset Manager Western Europe at Essendi
This article was written with the help of artificial intelligence using official information.
