Lulu Group completes acquisition of Scottish hotel for $120m

Waldorf Astoria Edinburgh - The Caledonian.

The hospitality investment arm of Abu Dhabi headquartered Lulu Group International, Twenty14 Holdings (T14H), has completed a $120m acquisition of the Waldorf Astoria Edinburgh - The Caledonian.

T14H intends to invest a further $28m in improvements and expansion of the Edwardian railway hotel, while retaining its heritage and architecture.

Adeeb Ahamed, Managing Director of T14H said: “We are excited to add The Caledonian to the portfolio of Twenty14 Holdings. With more than 100 years of history, The Caledonian brings with it a rich heritage, character and unique opulence.”

The Caledonian operates under the Hilton’s flagship brand Waldorf Astoria. First opened in 1903 as part of the old Princes Street Railway Station “The Caledonian” currently has 241 rooms and offers awe-inspiring views of Edinburgh Castle.

T14H will make several improvements on the site, enhancing the hotel’s historic Caledonian Suites with a full refurb of the furniture, artwork and en-suite bathrooms, which will feature marble and burnished chrome fittings.

The Caledonian offers two restaurants operated by Michelin-starred brothers Chris and Jeff Galvin –Pompadour by Galvin and Galvin Brasserie de Luxe and also features the only Guerlain spa in the UK.