The Ruby Group continues its expansion despite the challenges in the European market with the launch of a new hotel. The new Ruby Hotel in Edinburgh is located directly on the famous shopping street of Princes Street, opposite Princess Street Gardens Park, and comprises around 300 rooms across seven floors. The hotel features a rooftop terrace with panoramic views of both the World Heritage Edinburgh Castle and Edinburgh Old Town. Public areas include a 24/7 bar which, like the rooms themselves, follows Ruby's Lean Luxury philosophy.
The new Ruby Hotel will be a conversion with partial new construction of three connected buildings. With its extensive in-house expertise of conversions of existing buildings, and the resulting space efficiency, Ruby was able to convince Hunter REIM, Scotland's leading independent real estate investment management company based in Edinburgh, to be its partner.
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."
“Hunter REIM is delighted to be able to announce the next step in the regeneration of Princes Street in Edinburgh with the announcement of a new Ruby Hotel and associated retail development at 104 -108 Princes Street. We believe we can deliver a significant improvement in the streetscape in Princes Street and, importantly, retain some retail space as part of the development”, said Andrew Moffat, Head of Real Estate and Investment at Hunter REIM. The opening of the hotel is planned for Q4 / 2025.