M&G Real Estate is funding the hotel and hotel management school provided by the Qmile Group as part of its whopping £ 350 million Haymarket Edinburgh Development.

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The EICC will operate the four-star, 350-bedroom hotel under a franchise agreement with Hyatt Hotels Corporation.

M&G Real Estate is funding the hotel and hotel management school provided by the Qmile Group as part of their huge Edinburgh Haymarket project.

The hotel is expected to create more than 200 jobs and is expected to open its doors in 2024.

The city councils voted 47 to nine for the hotel and hotel management school project.

Marshall Dallas, CEO of the EICC, said: “Not only is the hotel an integral part of the future of the EICC, we see it as a key component in bringing business tourism back to Edinburgh.

“Sustainability was right at the top of the agenda from the very beginning, it has always been an integral part of our offer as an event location, so we are pleased to be setting standards here.”

Edinburgh City Council Chairman Adam McVey said: “The updated business case presents a robust economic and social case to continue this exciting and ambitious development for our capital.

“This project strengthens what our public EICC has to offer and offers a bright future when conferences return to town.

“The establishment of the Hotel Management School will support and benefit our hospitality and tourism sectors by creating employment and training opportunities for local residents who can then build successful careers in Edinburgh.”

the EICC opened its doors in 1995 and since then has hosted nearly 1.5 million delegates, more than 3,500 events and has brought Edinburgh and the surrounding area around £ 720 million in economic impact.

Dallas added, “Overall, we expect the hotel and hotel management school to create significant employment and economic benefits for the city – these were some of the positive factors identified by the City of Edinburgh Council in reviewing the revised business case.”

The Hotel Management School and Apprenticeship Academy will work with Edinburgh College to provide a career path for students and trainees and to provide a pipeline of qualified people to Scotland’s leisure and tourism industries. The partnership between the EICC and Edinburgh College predicts that up to 200 people will be trained each year.

Audrey Cumberford, Principal and General Manager of Edinburgh College, said: “The Hotel Education Academy is an exciting development for the city and will help provide future skills in this sector, a sector that needs a boost after the pandemic.

“The vision of the EICC team together with several city partners enables us to build a unique training center in the heart of Edinburgh and create a pipeline of talent in the region.”

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