
New Edinburgh seven-storey city centre hotel 'inspired by Japanese capsule' craze
Construction has kicked off for a futuristic seven-storey capsule hotel in the heart of Edinburgh, spearheaded by TARKA Hotels in collaboration with architectural visionaries at Studio LBA.
Set to transform a disused building just off St Andrew Square, this innovative hotel project draws from the efficient and minimalist design of Japanese capsule hotels, adding a dash of luxury with 242 snug sleeping pods, an exclusive rooftop restaurant and bar.
Breaking away from previous incarnations as a job centre, offices and retail space, the property's transformation is well underway, aiming to welcome guests by the upcoming summer season.
Founder of TARKA Hotels, James Scott expressed his vision: "We aim to redefine the traditional hostel by offering quiet, private pods that strike the perfect balance between the cost-efficiency of hostels and the comfort and design of modern hotels."
Overseeing project management and quantity surveying is Axiom Project Services, with S+CO as the interior design guru, Narro handling civil and structural engineering expertise, Derek Scott Planning consulting on planning, plus contributions from Parrish Consultancy, OFR Consultants, and RMP, reports the Insider.
Studio LBA's managing director, Lynsay Bell, shed light on the distinctive design features: "In our design approach, we have made a point of celebrating the building's new rooftop addition."
She further detailed the bold aesthetic choices: "The façade is adorned with folded, origami-inspired metalwork – a bold reference to contemporary architectural aesthetics and Japanese culture.
"Providing guests with a unique blend of tradition and modernity, where they can relax and indulge in an authentic Japanese dining experience amidst the charm of Edinburgh's rich heritage."

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
an hour ago
- Reuters
Dollar dithers as markets digest Ukraine summit, await Fed comments
SINGAPORE, Aug 19 (Reuters) - The dollar slipped against major peers on Tuesday as markets assessed the outcome of a summit between leaders from the U.S., Europe and Ukraine, while awaiting policy cues from an annual Federal Reserve symposium later this week. The euro and sterling hovered between modest gains and losses against the dollar and were last up about 0.2% and 0.1% at $1.1683 and $1.3520, respectively. The Japanese yen and Swiss franc ticked higher as well. U.S. President Donald Trump told his Ukrainian counterpart Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end the war with Russia. Trump made the pledge during a summit at the White House, where he hosted Zelenskiy and a group of European allies following his meeting on Friday in Alaska with Russian President Vladimir Putin. The developments did little to give clear direction to foreign exchange markets while European equities posted modest gains. Given that European energy costs are relatively low and undisrupted, developments related to the Russia-Ukraine war are unlikely to be major market movers, said Samy Chaar, chief economist at Lombard Odier. Many investors are away for summer holidays in the northern hemisphere contributing to thinner market liquidity. On the macro front, markets are awaiting the Federal Reserve's annual symposium in Jackson Hole for any clues on the likely path of interest rates. Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. Analysts reckon that he is unlikely to lock himself onto a monetary path before seeing August's round of data even though money market expectations of a rate cut next month remain above 80%, according to CME's FedWatch tool. "The market is expecting signs that a cut in September is a done deal. I am not sure the market is going to get that," Chaar said. Analysts at DBS expect Powell to deliver a calibrated message, "keeping the door open for an insurance cut to avert a sharper deterioration in the labour market while also cautioning against excessive or rapid rate cuts," they said in a note. The minutes of the Fed's July meeting are due later on Wednesday and could offer insight into policymakers' thinking about the trajectory of interest rates albeit the meeting took place before a weak labour market report prompted markets to price in cuts more aggressively. Elsewhere, the Hong Kong dollar , which the city's de facto central bank allows to trade in a tight range of between 7.75 and 7.85 against the greenback, was one of the biggest movers, trading 0.3% stronger at 7.7944 to its U.S. counterpart as interbank rates surged to a three-month high. Cryptocurrencies were an exception to the otherwise mellow mood in markets, with bitcoin falling 1.5% to notch a third straight day of declines after hitting a record high last week while ether was down 2.7% as well. The Australian and New Zealand dollars were steady while the Swedish Krona rose 0.3% to 9.5360 per U.S. dollar.


Time Out
10 hours ago
- Time Out
This quiet coastal city in Australia is about to blow up – here's why you should visit
l wasn't surprised to discover that Townsville was named one of Australia's top 'up and coming' destinations for 2024. It might be the largest city in regional Queensland, but it still flies under the radar as a launchpad for exploring the World Heritage-listed Great Barrier Reef. Last year, Townsville North Queensland saw an impressive 11.7 per cent spike in visitor numbers, making it one of the fastest-growing tourism destinations in the country. And it's only just getting started, with the coastal city set to shine even brighter as co-host of the 2032 Brisbane Olympic Games and 2027 Men's Rugby World Cup. Our advice? Get in before the rest of Australia catches on. Where is Townsville? Townsville is the largest city in North Queensland, sitting approximately halfway between Brisbane and the top of Australia, Cape York. It's roughly a 15-hour drive north of Brisbane or a four-hour commute south of Cairns. You can also skip the road trip and fly direct from Brisbane (one hour and 55 mins), Sydney (two hours and 45 mins) or Melbourne (three hours). What to do in Townsville? Townsville is an outdoor playground for exhilarating adventures, both on land and offshore. Hiking (or driving) to the top of Castle Hill is a must for breathtaking panoramic views over the entire city and the sparkling Coral Sea beyond. Just 45 minutes from the CBD, Paluma Range National Park also offers a bunch of scenic trails, including Jourama Falls, Mount Spec and Mount Halifax. Pack swimmers for a refreshing dip at Big Crystal Creek and Little Crystal Creek, on the way back. While in the city, take a stroll along The Strand, explore the Jezzine Barracks and brush up on history at the Queensland Museum Tropics. If you're up for a day trip, catch the 20-minute ferry to Magnetic Island, where 23 beautiful beaches, historic shipwrecks, snorkelling escapades, hiking trails and Northern Australia's largest koala colony await. Planning well ahead? You can also ferry over to Hinchinbrook Island – the largest island on the Great Barrier Reef that welcomes only 7,000 visitors annually. While the four-day Thorsborne Trail books out months in advance (capped at 40 hikers at a time), you can still explore the island's cloud-covered mountains, thick rainforest and white sandy beaches on a range of shorter trails. Where to eat in Townsville? With a growing collection of top-tier restaurants and bars, Townsville's dining scene outdoes most regional cities. At the heart of it all is Ardo, the city's first five-star hotel, which is home to not one, but two chef-hatted venues. On the ground floor is Terasu, a punchy Japanese bar and restaurant inspired by the bright lights of Tokyo. On the top floor, you'll find Marmor, an elegant modern Australian restaurant that brings together the best of the land and sea. For a perfect evening, start with a sunset cocktail at the neighbouring Ardo Rooftop, where sweeping views of the Coral Sea meet the city skyline. If you're after something more laid-back, head to Townsville Brewing Co for award-winning craft beers, Quarterdeck for breezy alfresco bites and bevs, Longboard for burgers and tacos with a view, or Shorehouse for relaxed waterfront dining. And don't leave without visiting Grandma's – a beloved local café serving brunch inspired by recipes from grandmas and grandpas around the globe. Where to stay in Townsville? With 180 kilometres of coastline extending out to the Great Barrier Reef, it makes total sense that most of Townsville's hotels and resorts offer views of the sparkling Coral Sea. But if you want to match those five-star vistas with five-star service, Ardo is the place to be. It's Townsville's newest and only luxury hotel, housing 132 elegant rooms and suites, plus the city's only rooftop infinity pool, a dazzling day spa, two fancy restaurants and an impressive rooftop bar with views that'll take your breath away. Guests also score full access to the facilities at the neighbouring The Ville Resort-Casino, which offers an additional 194 hotel rooms. Other popular hotels in Townsville include Rambutan Resort Townsville, Quest Townsville on Eyre, Oaks Townsville Gateway, Grand Hotel and Apartments, Mercure Townsville and Aquarius on The Beach.


Reuters
19 hours ago
- Reuters
Dollar gains before Ukraine peace talks, Fed policy in focus
NEW YORK, Aug 18 (Reuters) - The dollar gained on Monday as U.S. President Donald Trump prepared to host talks on ending Russia's war in Ukraine, and traders pared bets on a September rate cut before a speech on Friday by Federal Reserve Chair Jerome Powell. Trump will meet Ukrainian President Volodymyr Zelenskiy on Monday before holding talks with the leaders of Britain, Germany, France, Italy, Finland, the European Union and NATO, the White House said. The European leaders were heading to Washington to show solidarity with Ukraine and to press for strong security guarantees in any settlement of the war in Ukraine. Traders are also focused on Powell's appearance later this week at the U.S. central bank's annual economic policy symposium in Jackson Hole, Wyoming for any new indications on whether a rate cut is likely next month. Powell has said he is reluctant to cut rates on expectations that Trump's tariff policies will lead to higher inflation this summer. Traders pared bets on a cut at the Fed's September 16-17 meeting after producer price inflation was hotter than expected in July. They had ramped up bets on a cut after consumer price inflation data for last month showed limited pass through from the trade levies. Fed fund futures traders are now pricing in a 85% probability of a September rate cut, after last week briefly fully pricing in a move. Powell is unlikely to lock himself into a monetary path before seeing August's round of data. 'I don't think that he can be definitive after being so cautious for so long. But I do think he has a clear opening on the labor market,' said Lou Brien, strategist at DRW Trading in Chicago. 'If the labor market weakens, he can move on that without having to wait for inflation, and that has historically been the way the Fed goes. They talk tough on inflation. They react to the labor market. The last jobs number was weaker than expected, the revisions were weaker than expected, and that makes it more than one report,' Brien said. The euro was last down 0.21% on the day at $1.1673. Against the Japanese yen , the dollar strengthened 0.46% to 47.85. Sterling weakened 0.1% to $1.3538. In cryptocurrencies, bitcoin fell 1.66% to $115,764.