Henderson Park reveals plans for Caledonian Hotel in Edinburgh

The private real estate investment fund manager, Henderson Park, and its hospitality operator and asset manager, Klarent Hospitality, have acquired this landmark Waldorf Astoria hotel.

Waldorf Astoria Edinburgh – The Caledonian will now benefit from enhancements including room renovations and the upgrade and restoration of its public areas and facilities.

A growing portfolio

The newly acquired Waldorf Astoria Edinburgh – The Caledonian is now the third Edinburgh hotel in Henderson Park’s Klarent Hilton portfolio. In this city, the hotel joins the Carlton on North Bridge and the Doubletree Edinburgh Airport in this collection.

Nick Weber, CEO and Founder of Henderson Park commented: “This transaction presents us with a rare opportunity to acquire an iconic hotel with an incredible 120 year heritage that is part of the very fabric of Edinburgh society.”

“As custodians of this landmark property, we have a number of planned investments that will improve the guest and visitor experience and ensure the Caley retains its status as one of Edinburgh’s most emblematic hotels going forward.”

John Brennan, Chairman of Klarent Hospitality, added: “In the wake of Covid 19 Edinburgh has proven to be one of the most resilient real estate and hospitality markets in the U.K.”

“Our Edinburgh Carlton hotel, for example, delivered significant revenue per room growth last year compared to 2019, which was driven by a quicker than expected recovery in overseas tourism and business travel and supported by continued strong domestic leisure demand. Our plans for The Caledonian will ensure that it remains well placed to capture this strong demand.”

A legendary hotel

The five-star Waldorf Astoria Edinburgh – The Caledonian hotel first opened in 1903. Since then, the landmark property has hosted a long list of prominent guests from Her Majesty the late Queen Elizabeth II and former U.S. President Barack Obama to Hollywood stars such as Laurel and Hardy and Judy Garland.

The hotel that takes its name from the Caledonian Railway Company, who originally owned the building, benefits from its prime position on Edinburgh’s prominent Princes Street, just minutes from Edinburgh’s two main train stations and sites such as Edinburgh Castle and with views across the city.

Following this acquisition, Henderson Park and Klarent Hospitality will invest in a series of upgrades, from room renovations to restored public areas, that create value for the hotel while also improving the consumer experience.