Heeton Holdings acquires serviced apartment in Scotland

HEETON Holdings has acquired Stewart Apartments in Edinburgh. This is the group's first hospitality asset in Scotland.

Stewart Apartments - which will be renamed the Stewart Aparthotel - is situated in the New Town sector of Edinburgh.

The property has 31 apartment units, and will be managed by Heeton's hospitality division under the brand Heeton Concept Hotel.

It is close to the city's premium shopping districts and tourist attractions including Edinburgh Castle, said Heeton in a press statement. The airport is an 11 km drive away.

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."