A new luxury hotel will transform an 'eyesore' city block after the developers secured a multi-million pound loan.
It was announced last year that owners Mactaggart Family and Partners (MF&P) were developing Meldrum House on Drumsheugh Gardens, converting the former HM Revenue & Customs office in to a 166 bedroom Resident Hotel, just off Charlotte Square.
Now, with a £22 million NatWest deal, Resident Hotels will be able to complete the delivery of its new £50 million The Resident Edinburgh venue, taking the group’s portfolio to six hotels including four in London and one in Liverpool.