The hotel will be created from a former Victorian school building originally designed in 1901.
The hotel will be operated by Apple Apartments. It will include 21 double-height apartments, each with a mezzanine level with separate sleeping and living areas. A feature of the building, a glass atrium which forms part of the central hall, will remain.
Subject to final planning approval, the new Apple hotel is scheduled to open in the second half of 2017.
The New Waverley site encompasses 7.5 acres of central Edinburgh linking Edinburgh Waverley Station to the Royal Mile. The new hotel will join Adagio Aparthotel Edinburgh which is expected to open on the same development next year.
