Schroders Capital, the $100 billion private markets business of London asset management giant Schroders, said it has completed the acquisition of the 244-bed W Edinburgh hotel from Nuveen Real Estate.
Schroders Capital currently manages £3.1 billion of investments in hotel businesses operated by a dedicated team of 40 people located in offices in London, Paris, Milan and Amsterdam.
“W Edinburgh, Marriott International’s first luxury property in the market and the first W Hotel in Scotland, opened November 2023,” said Schroders Capital.
“The hotel is ideally situated in St James Square in the heart of Edinburgh, offering spacious rooms, bold designs and exceptional facilities.
“It comprises three distinct buildings: the Ribbon Building, James Craig Walk and the Quarter House. James Craig Walk is a heritage listed terrace named after the Scottish architect, dating from 1775.
“The newly-built Quarter House design was inspired by traditional Edinburgh architecture, interlinking with the 12-storey Ribbon Building which features spectacular 360° views over the city.”
James Macnamara, Global Head of Value Add and Alternatives, Real Estate, Schroders Capital, said: “The addition of the W Edinburgh to our portfolio is hugely exciting, as we continue to identify top-tier hotel assets that can facilitate multiple ways to create value and offer significant long-term growth potential.
“Edinburgh is an attractive market for Schroders Capital and we look forward to working with the highly experienced and agile team at the hotel to ensure guest experience remains in line with the W brand quality and ethos.
“We expect this investment to follow many other successful collaborations between Schroders Capital and Marriott International in the luxury hotels space such as the St Regis in Venice and The Westin Palace in Milan.”
Ed Webb, Director of Development Management, Nuveen, said: “The completion of the sale of the W Edinburgh marks a considerable milestone for St James Quarter as the first transaction realises over a decade of planning and development to deliver a leading destination in the heart of Edinburgh and the completion of a vision shared by our investors.
“The hotel itself has become an iconic landmark within the city centre whilst also providing a best-in-class offering worthy of Edinburgh’s status as a global tourist destination and recognised by being awarded Scottish hotel of the year 2025.”