Suite 16 - PREMIER SUITES Secure A New Location in Edinburgh
It is an exciting time at PREM Group, as we add a new location in Edinburgh to our PREMIER SUITES portfolio. The property will now become our 16th ‘PREMIER SUITES’ location. In December 2021, PREM Group secured a major investment from funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). This is the first acquisition by the group following the Fortress investment.
This new PREMIER SUITES property is in a prime location, just a five-minute walk from the burgeoning Haymarket district and a twenty-minute walk to Princes Street. The location is very attractive for both corporate and leisure guests who will find all the best retail, hospitality, and cultural experiences on their doorstep.
We envisage a complete renovation and transformation of the property to the highest possible ESG standards. The very latest in green technology will be incorporated into the building. The first phase of the renovation should be completed by January 2023. Following the renovation, the property will join the group’s premium PREMIER SUITES portfolio, comprising 1,300 rooms across the United Kingdom, Ireland, Belgium and the Netherlands.
PREMIER SUITES PLUS properties include one, two, or three-bedroom units and all come with a fully fitted kitchen, living room, bedroom and ensuite bathrooms. The accommodation is perfectly suited to corporate guests who may be relocating for a medium to long-term business contract or for leisure guests who are traveling with children and would like to have a city base with all the conveniences of home.
Each of the fully equipped kitchens includes a combi-oven, microwave, hob, fridge, freezer, laundry facilities and coffee machine. Apartments also include a contemporary living area with a flat-screen TV and a luxury hotel bed. Housekeeping service is offered once a week while an out-of-hours, on-call service, is provided to ensure security is offered.
Jim Murphy, CEO of the PREM Group said, “Our PREMIER SUITES PLUS properties offer medium and long-term guests the opportunity to avail of all of the conveniences and luxuries of a hotel but with the conveniences of home. We are excited to add Edinburgh to our growing portfolio of PREMIER SUITES properties and are committed to growing and strengthening the PREMIER SUITES brand in Europe. We are also very conscious of our carbon footprint and have engaged with various environmental advisors and specialists to ensure the renovation is in line with the highest possible international Environmental and Social Governance policies.”
