Edinburgh’s Bonham hotel sold to US investors

George Sell George Sell Uploaded 30 June 2017

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UK: The 49-room Bonham Hotel in Edinburgh has been sold to a US investor group, led by fund manager Richard Driehaus.

The luxury boutique hotel was sold off-market by a controlled affiliate of Starwood Capital, on an off-market basis. While the exact figure was undisclosed, it is believed to be a record price per room for a hotel sold in Scotland this year.

Driehaus is the founder, chief investment officer, and chairman of Driehaus Capital Management.

Starwood Capital acquired the property in 2015 as part of the Town House Collection, founded by hotelier Peter Taylor, which also included the Blythswood hotel in Glasgow.

Set within three traditional Edinburgh townhouses, the Bonham also includes a bar and restaurant with an AA rosette. JLL acted on behalf of Starwood Capital Group for the sale.

Kerr Young from JLL said: "It is no surprise that the sale of the Bonham attracted significant interest from both domestic and international buyers, having long been regarded as one of Edinburgh's most stylish and iconic hotels."

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