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Hilton Hotels is investigating the possibility of selling one of its Scottish properties, the Edinburgh Caledonian. The company revealed it is part of its ongoing strategy to reduce the number of directly-owned hotel assets and retain the long-term management contracts.
Property advisor CBRE Hotels has been appointed to the sale.
Hilton area president for UK and Ireland Howard Friedman commented: ”As always our aim is to retain the management contract and keep the Hilton brand name above the door.”
The hotel chain bought the property in March 2000 from previous owners Moat House. The 251 room property”which overlooks the Edinburgh Castle and gardens”underwent a ”6.6m ($12.4m) refurbishment last year.