Sleeperz Hotels will renovate a listed building and three storey office block next door to its current 72-bed Cityroomz hotel near Princes Street.
The new rooms, which are expected to be open by June 2017, will increase occupancy to 115 rooms including new double, twin and gamily rooms as well as ten suites with kitchenettes and living space.
The firm has also teamed up with Glasgow architects Maith Design and UK property and investment company Town Centre Securities.
David Myers, chief executive of Sleeperz Hotels, said: “Sleeperz Hotels is delighted to be expanding its market leading Cityroomz operation.
“Our brand of low cost high quality hotel stays has proven a winning formula nationally and we are confident that demand for stylish but affordable rooms in Edinburgh will keep growing.”
Colin Steele, associate director at Caledonia Management Ltd, acting for Town Centre Securities, said: “This development is great news for Princes House and the West End of Edinburgh.
“Cityroomz increased bed-stock is a welcome boost and provides affordable accommodation for tourists staying in this vibrant area.”
This investment in the Scottish capital follows an agreement for Sleeperz Hotels to open a new 120-bed hotel above Dundee Railway Station in 2017. If you’ve enjoyed this article, click on the link below to sign up for more similar stories in your region.
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