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Sir Stelios' no-frills chain eyes empty building for empire



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Published Date: 11 August 2008
WITH little room for anything more than a single bed and with a cleaner that you need to pay for at reception, it is a far cry from some of Edinburgh's renowned hotels.
Yet the company behind budget airline easyJet believe there's space in the city's hotel market for their no-frills hotel offering.

It is understood the firm has set its sights on a former insurance firm HQ on St Andrew Square for its first Scottis
h operation.

The easyHotel chain – part of Sir Stelios Haj-Ionnou's easyGroup empire – has its eye on the former head office of Scottish Life.

The company currently has four hotels in the south of England but is planning a major expansion, with franchises across the UK.

A spokeswoman for easyHotel was not willing to be drawn on specific sites in the city, but said:

"We're looking at key locations and Edinburgh is a major city, so we are very keen."

Scottish Life put its eight storey 19 St Andrew Square head office on the market for £5 million in May after it chose to relocate its 1200 staff to other offices in the Capital.

Selling agent DTZ has said that the site, in the heart of Edinburgh's traditional financial hub, would also suit hotel developers.

Commercial property experts say that more traditional office units are becoming attractive to hotel developers in the changing economic climate.

Stewart Taylor, director of the business space consultancy at CB Richard Ellis, said: "You can see why it would be attractive to hotel operators.

"The difficulty that office developers are having is securing finance, which has made it slightly easier for hotel developers, who have cash resources and can compete better with the office market."

The site is close to the former Royal Bank of Scotland headquarters that Hearts supremo Vladimir Romanov bought for £20 million in May 2007 and wants to turn into a top-class hotel.

Simon Williams, chief executive of the Edinburgh Principal Hotels Association, said:

"Edinburgh is still a strong destination and people will be able to find the price they want to pay."

A spokeswoman for selling agent DTZ said: "The closing date has passed and a number of offers were received but no deal has been concluded yet."





The full article contains 385 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 11 August 2008 11:14 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

eric,

Lothian 11/08/2008 12:28:10
Cheap As saln n sauce eh,
2

eric-shaun,

Lothian 11/08/2008 13:00:19
Every Thing comes to those who wait eh,
3

Cynicaltalk,

11/08/2008 13:44:55
Aye, eh
4

alex paterson,

edinburgh 11/08/2008 14:11:00
I have met Sir as cheap as chips and he is a good guy.
5

Boy Wonder,

11/08/2008 14:35:29
Mair hotels??? Is there enough people in the world tae fill them???
6

Joe,

Maxwell Street 11/08/2008 14:56:14
Rooms starting at some ridiculous low price per person no doubt.
Beds, Pillows, Sheets,blankets,towels,soap, etc. being optional extras.Other facilities available via prepaid swipe cards. Way to go Stelios!
7

gorgeousgorgieboy,

Edinburgh 11/08/2008 16:55:27
Don't now if I could get to sleep with orange wallpaper.
8

Niko Bellic,

Juniper Green 12/08/2008 00:00:47

Stelios is also got a new ventures:

1. EasyTrams
2. EasyPrams
3. EasySqueezyCheazyPeas
4. EasyRebus - a self-reading crime novel
5. EasyFresian - a breed of cow that produces free milk

9

LAM,

Edinburgh 12/08/2008 08:26:32
Great idea put a little competition into the works... not everyone that wants to visits Edinburgh has mega bucks like some of these places seem to think.. People with the means will still go for the luxury but the little guy will have a place to go too. Very positive move!!
10

Old Cartha Boy,

12/08/2008 09:51:13
Having looked at the easyhotel.com site and its 3 hotels in London, it is clearly a hotel not for those suffering from claustrophobia! And....I kid you not....you pay extra for a room with a window!

 

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