Crucible Alba Group to deliver new Travelodge for South Gyle
Developer Crucible Alba Group is to build a new 70-bedroom hotel at South Gyle in Edinburgh.
Pre-let to Travelodge Hotels Ltd on a 25-year contract, and opening in autumn 2019, the new hotel will be sited on land purchased from Greene King, which recently developed a new Farmhouse Inn on the adjacent plot.
Sandy Cameron of Sandy Cameron Property Consultants, which acted on behalf of Travelodge said: “Travelodge have been keen to secure a hotel in this area for some time. This site is ideal as it will appeal to business travellers and to tourists with the added bonus of being close to Edinburgh International Airport.”
Crucible Alba Group development director, Brian Robinson, said: “This is an excellent development for all concerned; for our forward funder, for the tenant, Travelodge Hotels, and for Greene King as their Farmhouse Inn will benefit from having the hotel next door. The location of the hotel is extremely strong being within two miles of Edinburgh International Airport and adjacent to the successful Edinburgh Park business district.”
The project is fully forward funded by LXI Reit plc.
Crucible Alba Group confirmed that all of the necessary consents are already in place and that it is aiming to commence construction on site as soon as possible. The build period will be approximately 10 months.