Irish developers Tiger have submitted a planning application for a £200m hotel scheme in the heart of Edinburgh.

The plans propose a five-star 180-bedroom Intercontinental hotel and a neighbouring three-star 246-bedroom Travelodge.

The four-acre Haymarket site, bought from Edinburgh City Council in July last year for £23m, will also include 335,000 sq ft of office space and a restaurant and café lined boulevard through the centre of the site.

John Nesbitt, managing director of Tiger Developments, said: ‘The office space will act as a natural extension to Edinburgh’s Exchange district, while the five-star and three-star hotels will address a major shortage of hotel rooms in the Scottish capital.’

Edinburgh based architects Richard Murphy, CDA and Sutherland Hussey have designed the scheme and Jones Lang LaSalle has been instructed on the office space.

Subject to planning permission being granted Tiger hopes to begin work in mid-2008 for completion in 2012.