Adagio Edinburgh Aparthotel beats own targets in debut year

The first new look aparthotel from global operator, Aparthotels Adagio.

Today, it is the occassional traveller who beds down there, conditions far more luxurious than back then, even coming with 24-hour gym, laundry and parking.

It now forms the 146-dwelling Adagio Edinburgh Aparthotel which has released its first set of figures to celebrate its debut year in the Capital.

Managers have revealed it smashed its initial targets by 44 percent – delivering revenue of £4.62 million in its first 12 months – as demand in the city grows. For Jose Gómez, the general manager, that translates into being almost two-thirds occupied all year round.

He said: “This is just the beginning. We’re looking forward to building on these results in 2018.

“We are absolutely thrilled with the performance over the last 12 months, which is reflected in our fantastic end-of-year figures and customer ratings.

“We were the first new-look aparthotel to open anywhere in the world so are delighted that it has been such an overwhelming success and has been so warmly received.

“We have been kept continuously busy throughout the year with the average occupancy at over 71 per cent, which is particularly good as an average for the aparthotel’s first year of operations.

“My team have worked extremely hard to deliver these outstanding results and are committed to delivering the highest level of customer satisfaction.”

It was the first new concept from parent company Aparthotels Adagio.

It chose to redevelop the four-storey building behind an existing façade of two 1930s tenement buildings opening in December 2016, and forms part of the £200m New Waverley regeneration scheme currently transforming the heart of Edinburgh’s Old Town.

New Waverley Project Director, Clive Wilding said: “The combination of the aparthotel and public square has provided a much needed new dimension for Edinburgh’s Royal Mile.”