The new hotel was acquired by Mactaggart Family and Partners (MFP) from developer Mapeley, who acted on behalf of the group.
The 166-room property will take the group’s UK portfolio up to six hotels and demonstrates Resident Hotels’ commitment to Scotland’s capital.
The feuhold site, Meldrum House on Drumsheugh Gardens, was constructed in the 1960s as the Edinburgh office headquarters of Her Majesty’s Revenue & Customs.
Resident Hotels will operate the new site under a management contract, marking its first launch since The Resident Covent Garden, which opened in February 2019.
William Laxton, CIO of MFP, said: “Edinburgh – and this micro location within it – is perfect for The Resident guest product and operating model and we are thrilled to be bringing our amazing team to this world class capital city.
“The transaction also demonstrates our belief in the operating model, at a time we begin the implementation of our ambitions to grow Resident Hotels as an operator of third party owned hotels.”
David Orr, CEO, Resident Hotels, added: “Edinburgh is perfect for The Resident brand, being rich in arts and culture, education and entrepreneurial businesses attracting a wide range of both domestic and international visitors, eager to immerse themselves in the city.
“We want people to stay in genuinely interesting places and we hope that by creating welcoming, well-designed hotels with highly-engaged teams who know their neighbourhoods, we can play a role in those communities while creating a wonderful guest experience.”