The Munich-based Ruby Group is set to add its first property in Scotland under its ‘lean luxury’ brand Ruby Hotels.
The 300-room hotel will be located at 104-108 Princes Street in Edinburgh, opposite Princess Street Gardens Park, and feature a rooftop terrace with panoramic views of Edinburgh Castle and the Old Town.
The hotel will be a conversion with partial new construction of three connected buildings, and the rooms will be spread across seven floors. The opening is planned for the final quarter of 2025.
Julian Mors, group director development at Ruby, commented:
“The hotel market in Edinburgh has proven to be very robust in the past, shows sustainable growth and offers a lot of potential for our concept, especially in the affordable luxury segment. We are very excited to enter the Scottish market with this great project.”
The group has partnered with Scottish real estate investment management company Hunter Reim for the property.
The Ruby Hotels brand launched in 2013, and currently operates 16 properties in locations including London, Frankfurt, Dusseldorf, Hamburg, Geneva and Zurich.
Ruby has a further 18 hotels either under construction or in the planning phase, and recently announced plans to open a 153-room property in London’s Clerkenwell next summer.