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UK: Singapore-based Heeton Holdings has acquired the Stewart Apartments in Edinburgh’s New Town.
Stewart Apartments, which will be renamed the Stewart Aparthotel, has 31 apartment units and will be managed by Heeton’s hospitality division under the brand Heeton Concept Hotel. It was previously part of the Fountain Court Apartments portfolio.
Eric Teng, Heeton’s chief executive officer, said: “We have reached another milestone with this latest acquisition, our first hospitality asset in Scotland. We are also thrilled with the opportunity to bring our own hotel brand, Heeton Concept Hotel, to Scotland. With this addition to our portfolio, we are confident that the Heeton name will be brought to new heights.”
