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McAleer & Rushe bags three hotel contracts worth a combined £37m

McAleer & Rushe has won three hotel contracts in Edinburgh worth a combined £37m.

The firm will build the £19m 146-bedroom Adagio Aparthotel for Artisan Real Estate Investors as part of the New Waverley regeneration scheme in central Edinburgh.

The hotel, which is six storeys high, will have frontages onto both the Royal Mile and the Canongate.

It will be built behind an existing facade facing on the Royal Mile, and to the rear, the hotel will link with a proposed new public square and pedestrian walkway which will be central to the wider £150 million redevelopment.

Work on the hotel will begin this month and is set to be completed in October 2016.

The other two hotel contracts with a combined value of £18m are for two Premier Inn hotels, both also in Edinburgh.

The first, a 130-bedroom ‘hub’ hotel, is set to complete in Spring 2016 and will be the first of its type to open outside London.

The second project will see the firm build a 127-bedroom, 6-storey hotel which will sit next to the hub hotel development with entrances on East Market Street and Cranston Street in central Edinburgh.

Commenting on the deals, Martin Magee, managing director McAleer & Rushe Contracts UK said: “We are very pleased to be involved in such a high profile Edinburgh scheme which is so important for the regeneration of this key element of the Old Town.

“We are very proud to have earned Artisan’s confidence and enjoy working with such a competent and polished developer.”

In December last year, hotel developer Dominvs Group appointed McAleer & Rushe to build out its pipeline of hotels in the UK, worth more than £100m.

The pipeline will include a £26m pair of hotels in Aberdeen (pictured), as well as further projects in Oxford and London.

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