Plans for a new large-scale Scottish city hotel are to be considered by council leaders.

The proposals from an international hotel giant involve a 240-room hotel with a pool and gym on the edge of the city.

Canadian firm Sandman is behind the plans and aims to build a new Signature brand hotel at Ingliston next to Edinburgh Airport.

A statement prepared by Ica on behalf of Northland Properties for the proposed development of a Sandman Signature hotel was lodged with City of Edinburgh Council planners, covering a site to the southwest of the airport terminal building which is currently a car park.

It comes after a previous application in principle was granted in 2019.

The planning permission in principle that was granted for the site five years ago included a "hotel, restaurant and bar with associated car parking, servicing, access arrangements and landscaping".

The new application stated: "The massing was configured as a continuous ring to maximise internal efficiencies, with a central courtyard providing light to bedrooms and external amenity to public areas at ground floor."

Councillors are to consider the plans on Wednesday.

Government moves fuel North Sea fears as huge project hit

 

A major North Sea player has decided to “materially slow down” investment across all of its development assets, warning measures by the Labour Government have increased uncertainty, with first oil from a key development “inevitably delayed”.

NEO Energy, which owns 50% of the Buchan Horst development and is the operator on this project, declared: “In recent weeks, the Government has announced a number of measures which have materially increased the level of uncertainty in relation to the UK’s oil and gas sector and investment decisions in this context are extremely challenging.”

The lessons from the Jackson Hole economic symposium

 

This article appears as part of the Money HQ newsletter.

Speaking at the Jackson Hole economic symposium last week, Federal Reserve Chairman Jay Powell indicated the time had finally come for the Fed to begin cutting interest rates.

The annual event had taken on additional interest this year, with the question of when, not if, rates would be cut high on a lot of economists’ minds.

This question had taken on extra importance since the start of August, when weakening job data sent markets in a tailspin around a potential recession, although global markets have since largely recovered around most of the world.