A deal has been signed to bring a 228-room hotel to the Fountainbridge regeneration scheme in Edinburgh.

Property developer Grosvenor has sold a site at the project to Queensgate Hotels, which plans to operate the hotel under the Hampton by Hilton banner.

The site has an existing hotel planning consent from Edinburgh City Council.

The hotel is scheduled to open in summer 2017.

Robin Blacklock, Planning and Development Director Scotland for Grosvenor Britain & Ireland, said: “This marks another milestone in the transformation of Fountainbridge. The hotel will benefit from close proximity to all of the amenities of the central City and will bring further jobs and vibrancy to the area.”

Grosvenor has also been granted planning consent for up to 400 new homes adjacent to the hotel site in Fountainbridge. A total of 250 homes for sale, affordable homes, serviced apartments, private rented homes and two student residences have already been delivered at the site.

Rob Stapleton, hotels director at Savills, which advised Grosvenor on the deal, said: “We are pleased to have supported the major revival which is underway in Fountainbridge by working alongside the Savills team in Edinburgh to secure the sale of this high-quality hotel development opportunity. With significant residential development and landscaping underway plus the addition of high quality commercial accommodation in the future, this area is a prime location for a new hotel.”