The Scotsman Hotel Sold To Saudi Billionaire
Filed under: Luxury Travel & Hotels
And yet another well-regarded hotel has been
bought as the foundation for a new chain. We've seen the Waldorf-Astoria and the Hotel de Crillon spawn new
hotel chains recently. Now the Scotsman Hotel in Edinburgh has been
bought by Saudi billionaire Mohamed Bin Issa al-Jaber who plans to use the hotel as the flagship for a new chain.
According to the Scotsman, the hotel was sold for
£63 million. The new European hotel brand will also include La Tremoillé in Paris and the Berners Hotel in
London which is undergoing a £32 million refurbishment.
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