Page last updated at 22:02 GMT, Friday, 15 January 2010

Two well-known hotels up for sale

Malmaison in Edinburgh (Pic from the Malmaison website)
The Edinburgh hotel was the first of the Malmaison brand to open in UK

Two well-known Scottish hotels are being put up for sale, it has been announced.

The Malmaison in Edinburgh and the St Andrews Golf Hotel are being sold by MWB Group.

The group has said they want to invest in a new and larger home for the Malmaison brand in Edinburgh.

The landmark building on Leith's shore is being sold for offers over £15m and the St Andrews hotel, with 22 rooms, could fetch more than £6m.

MWB Group Holdings is the owner of the Hotel du Vin and Malmaison boutique hotel chains.

The Edinburgh hotel was the first of the Malmaison brand to open in UK, in 1994.

St Andrew's Golf Hotel, on the The Scores promenade in St Andrews, is being sold with planning permission to re-develop the hotel.

We are already looking at properties to create a larger hotel that meets the new design criteria
Robert Cook
Chief executive, Malmaison

Property consultants Knight Frank are acting on behalf of the Malmaison Group.

Spokesman David Reid said: "We're delighted to be working with Malmaison to market both hotels.

"It's obviously rare for such high profile businesses to come on the open market and as they are very competitively priced I would expect them to appeal to a variety of hoteliers, developers and worldwide investors alike."

Malmaison and Hotel du Vin's chief executive, Robert Cook, said: "Malmaison needs to offer its loyal fan base the latest in cutting edge design and hospitality to maintain its position as the UK's leading design led boutique hotel group.

"We can achieve this by finding new opportunities and there is no better place than Edinburgh, the birthplace of Malmaison, where we are already looking at properties to create a larger hotel that meets the new design criteria."



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