LuLu’s Investment Arm Acquires Caledonian Hotel in Scotland

Caledonian

Thiruvananthapuram: Abu-Dhabi-based Twenty14 Holdings owned by Adeeb Ahamed, son-in-law of LuLu group chairman Yusuffali M A, acquired a five-star hotel which was run by Hilton under its high-end Waldorf Astoria brand. Twenty14 Holdings is the hospitality investment arm of LuLu Group International, which is worth more than $650 million spread across UK, Middle East and India.

Adeeb Ahamed’s firm has pledged to expand the property with the addition of 50 new rooms and create jobs at the historic railway hotel. The Victorian hotel known as Waldorf Astoria Edinburgh – The Caledonian, is located at the west end of Princes Street, overlooking Edinburgh Castle.

Confirming the acquisition, Adeeb Ahamed said on Facebook, “It gives me great pleasure to share with you the news that our hospitality investment arm Twenty14 Holdings has acquired the iconic Waldorf Astoria Edinburgh – The Caledonian in Scotland.”

“This is unquestionably one of the UK’s finest hotels and has been the embodiment of Scottish hospitality for more than a century. It’s a beautiful, historic landmark with a rich heritage and we are honoured to be a part of it.”
“We are excited about the opportunity to thoughtfully restore The Caledonian and expand it with the intention of offering an opportunity for more guests from around the world to experience all it brings to Edinburgh.”