CFA Society Singapore
SINGAPORE (Oct 1): Heeton Holdings has acquired the Stewart Apartments in Edinburgh, Scotland.
This is Heeton’s first hospitality asset in Scotland, which recently was declared a Unesco World Heritage Site.
Renamed the Stewart Aparthotel, the 31-unit property offers proximity to the city’s premium shopping districts and world famous tourist attractions including the majestic Edinburgh Castle.
Following the acquisition, the Stewart Aparthotel will be managed by Heeton’s hospitality division under the brand Heeton Concept Hotel.
Eric Teng, CEO of Heeton says, “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.”
Shares in Heeton closed 1.5 cents higher at 53 cents on Monday.