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M&G Real Estate acquires ground lease for the Marriott Courtyard hotel in Edinburgh

M&G Real Estate has acquired the 150-year ground lease of the Marriott Courtyard hotel at Baxter’s Place in Edinburgh for €27.4 million (£23 million). The 240 bedroom Courtyard Edinburgh was developed by Chris Stewart Group and opened in late 2016. It is the third Courtyard-branded Marriott hotel in the UK and is developed across three original category A listed Georgian townhouses with a modern extension to the rear. Facilities include meeting rooms, a fitness centre and an all-day brasserie, as well as free high speed wifi. It enjoys a city centre location next to the Playhouse theatre and minutes from Princes Street, George Street and Waverley Station. Savills advised M&G Real Estate and the Chris Stewart Group was advised by Knight[…]