The hotel is expected to open in 2026, subject to planning approval. Credit: ming dai from Pixabay.

Edinburgh News has reported that plans have been submitted by Ruby Hotels for a new 300-bedroom luxury hotel at 104-108 Princes Street, Edinburgh, Scotland.

A public consultation has already been held on the proposal.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This £100m project will also feature retail space on the ground floor.

Ruby Hotels’ partner in the project development, Hunter Real Estate Investment Management (REIM), noted that this would be the largest investment in Princes Street since the opening of the Johnnie Walker Experience in September 2021.

Subject to planning approval, the development work of the project will commence next year, with the hotel expected to open in 2026.

See Also:

The hotel will feature a rooftop bar providing views across Princes Street Gardens, the Ross Theatre and Edinburgh Castle.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It is expected to generate more than 150 jobs during the construction phase.

The project will create over 250 permanent jobs once the hotel and retail space become operational.

Commenting on the proposals to the media outlet, Ruby Hotels group director Julian Mors said: “Edinburgh is one of the most vibrant tourist destinations in Europe and Ruby Hotels looks forward to creating a must-visit destination for residents and visitors in the heart of the city. We’re delighted to be able to bring the Ruby brand of affordable luxury to Scotland’s capital.”

Hunter REIM managing director Andrew Moffat said: “We’ve been delighted at the support and enthusiasm we’ve seen to transform Princes Street, which like many shopping destinations, has suffered from a changing retail landscape as well as the impact of the global pandemic.

“We’re confident our proposals will help Princes Street turn a corner and help restore the vibrancy of Edinburgh’s most famous of streets.”