George Hotel Set for Major Refurb After Gbp 21m Sell-Off

The ScotsmanJune 23, 2005

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Summary


THE George, one of Edinburgh's oldest hotels, is set for a major refurbishment this winter after it was acquired by privately-owned Principal Hotels in a deal thought to be worth GBP 21 million.

The hotel, in Edinburgh's prestigious New Town, was sold by InterContinental (IHG) as the multinational hotel group shifts its business model from ownership to management.

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George Hotel Set for Major Refurb After Gbp 21m Sell-Off

The sale, completed yesterday, not only brings to an end 15 years of IHG owne...

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