Staycity Aparthotels has announced that its second Wilde Aparthotels by Staycity will be located in the heart of Edinburgh city centre.
Wilde Aparthotels Edinburgh will feature an arts facility incorporating a gallery and exhibition space, which will house art installations open to the general public. The space will present an impressive frontage onto King’s Stables Road and will aim to profile the work of local artists.
The historic site, currently owned by the City of Edinburgh Council, had formerly been used as offices, storage premises and workshops but has been vacant since 2009, although has more recently played host to an Arts Festival.
While much of the scheme is new-build, parts of the historic medieval wall will be incorporated into the build, reflecting its historic past.
Barry Hickey, group development director at Staycity Aparthotels, said: “This is an incredibly exciting opportunity for us. The historic King’s Stables Road provides an amazing setting for our latest venture.
“With the brand’s strong link to cultural icon Oscar Wilde we hope the arts facility element of the scheme will become a destination in its own right, benefitting local businesses and helping King’s Stables Road become a new arts centre for the city.
“We eagerly anticipate welcoming the first collection of artwork and have made a pledge to commit to working with local artists to ensure that their excellent work is being highlighted and promoted.”
Wilde Aparthotels by Staycity will offer apartments together with lounge, café, and gym facilities. The development, undertaken by Peveril Securities and Campus Development Management, forms part of a wider mixed-use scheme comprising residential and commercial units as well as student accommodation. Work is scheduled to start at the end of 2017, with the apartments expected to open in the latter part of 2019.
Wilde Aparthotels by Staycity was launched earlier this year with its first property due to open on London’s Strand later this year. The concept will be rolled out across gateway city centre locations throughout Europe, with initial sites in London, Edinburgh and Berlin.