IHG and Tiger sign deal to open hotel in Edinburgh

27th March 2009, 12:16pm

InterContinental Hotels Group (IHG) has announced that it has signed a deal with Tiger Developments to build a 17-storey 192-room InterContinental hotel in Edinburgh, due to open in 2013.

This new hotel will form part of Tiger Developments' proposal to regenerate the Haymarket area, creating offices, restaurants and shops. 

Kirk Kinsell, president, Europe, Middle East and Africa, IHG, said: "Over the next few years, Haymarket is going to become an increasingly popular destination. This new InterContinental hotel will be ideally placed to meet the needs of business and leisure travellers seeking world class services and facilities."

Tiger's £250 million vision to transform the Haymarket - one of Edinburgh's most neglected city centre sites - into a hotel and commercial quarter was called in by Ministers, having been approved by City of Edinburgh planners in June 2008. The proposals for the site are set to be discussed at a Public Inquiry later this year.

Confirming the InterContinental hotel deal, John Nesbitt, managing director of Tiger Developments, said: "Bringing InterContinental to Scotland's Capital is good news for us and good news for Edinburgh.

"The planned five-star hotel would significantly improve Edinburgh's top class hotel offering, bringing an internationally recognised brand and considerable prestige to the city.

The project will create in the region of 400 jobs during construction, another 1,600 following completion whilst injecting an additional £8.75 million visitor spending in Edinburgh.

The hotel will be managed on their behalf by BDL, who currently own or manage 10 IHG hotels.

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