The Caledonian Waldorf Astoria in Edinburgh has been acquired in by property investment manager Henderson Park and hotel operator Klarent Hospitality.
Previous owner Twenty14 Holdings hinted at selling the 120-year-old hotel earlier this year and a deal has now been done for a reported £85m.
The 241-room property at the west end of Princes Street now becomes the third Edinburgh hotel in the Hilton portfolio owned by Henderson Park and Klarent.
The group previously purchased The Carlton on North Bridge and the DoubleTree Edinburgh Airport in November 2021, as part of its collection of 12 hotels.
Since launching in 2016, London-based Henderson Park has invested $14bn in property across Europe, with assets also including offices and student housing.
Twenty14 Holdings, the hospitality arm of Abu Dhabi-based LuLu Group International, bought The Caledonian from Goldman Sachs in 2018 for around the same price as the latest transaction.
Hilton spent £24m on a refurbishment of the former railway hotel in 2012, before relaunching it under the Waldorf Astoria brand.
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