44 York Place is located in the city centre of Edinburgh in the retail and leisure hub of Picardy Place. The building was formerly an HMRC office that was extended and converted into a 127 room hotel. Consensus Capital developed the hotel concept for this building which had been empty for three years. Consensus Capital applied for the planning permission for the change of use and designed the conversion to the specific requirements of the hotel operator. Consensus Capital was successful in arranging a long term lease to the hotel chain Premier Inn and also a forward funding and sale agreement with a pension fund investor to create a project with a investment value of £17m.