Lulu Group’s Twenty14 Holdings Acquires 241-Room Waldorf Astoria Edinburgh – The Caledonian in £85M Deal ($117.2M US)

Twenty14 Holdings | January 16, 2018

Twenty14 Holdings, the hospitality investment arm of Lulu Group International, has completed a £85m acquisition of the Waldorf Astoria Edinburgh - The Caledonian. The Caledonian joins a portfolio of $650m worth of luxury property across the UK, the Middle East and India that Twenty14 has assembled since 2014. Twenty14 Holdings intends to invest a further £20m in a programme that will see the iconic building on Edinburgh's Princes Street enhanced and expanded by 50 guest rooms, over a period of two years beginning from 2019. Twenty14 Holdings is the hospitality investment arm of Lulu Group International. The company has a str...