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Boutique plan for prestigious hotel


N Edinburgh hotel is undergoing a major refurbishment after it was bought by a London-based hospitality company. Penny Brown and professor Vladimir Kultchitsky aim to transform Melvin House Hotel on Rothesay Terrace to their boutique B+B concept after they acquired the business for an undisclosed sum.


The B+B Collection includes accommodation businesses in Belgravia, London, and Weymouth in Dorset.


Dating from around 1880, the Edinburgh property retains many period features, including a marble staircase in the foyer, a galleried library and dining


We identified Edinburgh as an ideal location for our contemporary boutique B+B concept.


room with timber ceiling. In addition to the 24 en suite letting rooms, the hotel has two conference rooms — the Melvin Room, which accommodates up to 100 delegates, and the Rothesay Room, which takes 30. Penny Brown said the refurb aims to position the hotel as “one of Edinburgh’s premier hospitality businesses”. “We identified Edinburgh as an ideal location for our contemporary boutique B+B concept,” she said. “Our product is rooms-based and design-led. “We offer plenty of home comforts, like our much-loved bean-to-cup


Operators choose capital for first move north of border A


The hotel has 21 bedrooms.


Waterwheel rolls onto market


AN Aberdeen hotel on the books of property consultant Ryden is expected to generate a high level of interest.


Local operator Mike Wilson has put the Waterwheel Inn on the market as it is no longer considered part of his core business.


Located in the Bieldside area, the former grain mill’s main feature is a waterwheel that’s said to date back to 1600. The inn has 21 en suite


bedrooms, a restaurant, lounge bar/conservatory and function suite. Arron Finnie, partner at Ryden, said the hotel is well known in the area.


“This presents an exciting opportunity for either a hotel operator or developer to acquire premises in one of Aberdeen’s most prestigious areas,” he said.


Melvin House Hotel has 24 letting rooms as well as dining and conference facilities.


coffee, which is included in the room price and available 24/7.” Christie & Co’s Ken Sims said the sale underlines the buoyancy of the Edinburgh hotel market.


“Our clients’ brief was to identify a unique property in Edinburgh allowing


them to develop a quality hospitality business similar to their successful businesses in London,” he said. “Edinburgh is fortunate to have many outstanding hotels, but not one of them can match the architecture and period features of the Melvin House Hotel.”


Do you crave a pizza the action?


A NEW owner is sought for a Glasgow pizzeria that has been trading for around 25 years.


The leasehold of Sannino Pizzeria on Bath Street is on the market through property agent Christie & Co. The 130-cover restaurant, which is said to occupy an “excellent” trading location close to Sauchiehall and Buchanan streets, currently caters for lunch and dinner, seven days a week, with the focus on traditional Italian cuisine.


Jonathan Clough, associate director of Christie & Co, said he expects Sannino to attract a high level of interest from


46 - SLTN - April 28, 2011


potential buyers. “Sannino Pizzeria represents a fantastic opportunity for a new owner/operator to take over a well-established business, which still provides a consistently healthy turnover,” he said. “The business is currently run under management and it is felt that it would benefit from a more hands-on owner/ operator who could concentrate on the business and improve turnover further. I am envisaging a lot of interest from both new and existing operators.” Offers are invited for the leasehold.


The bar was closed at the time of sale.


Caledonia Bar changes hands


A WISHAW bar has been sold to a private purchaser.


Acting on behalf of insolvency specialist Hastings & Co, Shepherd Chartered Surveyors sold the Caledonia Bar for £70,000. “As the recession continues to take effect, a number of repossessions arising across the licensed trade are creating opportunities for private developers to acquire properties at competitive prices,” said Jamie Savage, commercial surveyor at Shepherd.


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