A Georgian townhouse in Leith has been converted into a 16-bed boutique hotel following a £1.2 million investment.
The finance has been provided by Newcastle-based Tier One Capital through its Develop North fund to bring 3 John’s Place into the Archibald Hotel Collection.
It is the latest investment by the London-listed investment company which has deployed more than £80m in capital to support 39 projects.
Caroline Claydon, director at Archibald Hotel Collection, said: “We’re proud to be contributing to the continued regeneration of Leith with a contemporary hotel that respects the area’s heritage, while introducing a modern, tech-enabled guest experience.
“The support from Develop North is enabling us to complete this project with confidence and flexibility, and we’re delighted to have welcomed our first guests.”
Brendan O’Grady, fund manager at Tier One, added: “We are committed to supporting professional businesses with ambitions to deliver high-quality, sustainable development projects, and this scheme in Edinburgh is a great example that benefits the local economy and enhances the visitor experience.
“Our investment reflects the strength of the Archibald Hotel Collection team and the potential of this location, and we look forward to seeing the hotel being enjoyed by its guest over the next 18 months.”
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