The Bank Vault That Became Edinburgh's Grandest Living Room

A former Royal Bank of Scotland headquarters on St Andrew Square now lets you sleep inside the architecture.

6 min read

The door is heavier than you expect. Not hotel-heavy — institution-heavy, the kind of weight that belongs to a building that once held other people's fortunes. You press into it with your shoulder and the apartment opens in front of you like a held breath released: ten-foot ceilings, a kitchen island the color of charcoal, and beyond the glass, St Andrew Square arranged below like a private stage set. You stand there, coat still on, bag still in hand, and you don't move for a full thirty seconds. The city is right there, but the silence in here is absolute. These walls were built to protect gold reserves. Now they protect your Saturday morning.

Cheval The Edinburgh Grand occupies the bones of the former Royal Bank of Scotland headquarters at 42 St Andrew Square — a Georgian monument so confident in its own grandeur that conversion into serviced apartments feels less like repurposing and more like the building finally relaxing into what it always wanted to be. The lobby still carries the hush of banking halls. Marble floors. Brass details that have been polished by two centuries of hands. You half expect a clerk to appear behind a mahogany counter and ask for your account number. Instead, someone hands you a key card and points you toward the lift.

At a Glance

  • Price: $350-550
  • Best for: You need a washer/dryer and kitchen for a long stay but refuse to sacrifice luxury
  • Book it if: You want a high-gloss, apartment-style HQ in a former bank where you can cook a meal, hit a vault gym, and sip cocktails without leaving the building.
  • Skip it if: You are looking for a cozy, traditional Scottish guesthouse vibe
  • Good to know: The hotel rebranded from 'Cheval' to 'The Edinburgh Grand, a Luxury Collection Hotel' in July 2025—Marriott Bonvoy points now apply.
  • Roomer Tip: The gym is in the old bank vault—look for the massive original steel door; it's one of the coolest workout spaces in the city.

Living Inside the Architecture

What makes this place singular is the scale. These are not hotel rooms with kitchenettes bolted on as afterthoughts. They are apartments — real ones, with dishwashers and washing machines and the kind of sofa you actually sit on rather than perch at the edge of politely. The living area in the Grand Penthouse stretches wide enough that you find yourself walking across it, pacing the distance like you're measuring it with your body. Dark wood floors, muted greys, brass fixtures that catch the light without screaming about it. The design is restrained in a way that reads as Scottish rather than Scandinavian — there's warmth underneath the austerity, a heaviness to the textiles, a richness in the joinery that says someone cared about corners.

You wake up to Edinburgh light, which is never the same twice. On a clear morning it arrives blue-white and surgical, picking out every cornice and chimney pot on the rooftops across the square. On an overcast day — and there will be overcast days — it comes in soft and silver, turning the apartment into something that feels like the inside of a pearl. Either way, you make coffee in the kitchen first, because you can, because this is the particular luxury of a serviced apartment: the freedom to be boring. To stand at the counter in bare feet and drink from a proper mug and stare out the window at people crossing the square below, none of whom know you're watching.

The bathroom deserves its own paragraph because it earns one. A freestanding tub sits near the window in the upper-floor apartments — not centered for symmetry, but placed where the view is. You run a bath and Edinburgh's skyline becomes your company. The Balmoral's clock tower. The Scott Monument's Gothic finger. The slow drift of clouds over Calton Hill. I will admit something here: I am not, generally, a bath person. I find them performative. But I took three baths in two nights at The Edinburgh Grand, and each time I stayed in until the water went cold, because the view from that tub might be the finest argument for bathing I have ever encountered.

These walls were built to protect gold reserves. Now they protect your Saturday morning.

If there is a flaw — and honesty demands one — it is that the building's grandeur can tip into a certain coolness. The corridors are long and quiet in a way that occasionally feels more corporate than residential. You will not find a chatty concierge swapping restaurant recommendations in the lobby. The service is efficient and professional and slightly distant, which suits the building's personality but may leave those who crave hotel warmth wanting more. This is a place that respects your privacy to the point of near-anonymity. Whether that reads as freedom or loneliness depends entirely on what you came here for.

What surprised me most was how the building changes at night. The Georgian proportions that feel stately during the day become something more intimate after dark, when the lamps are low and the square outside glows amber through the glass. You pour a whisky — there is a Sainsbury's Local around the corner, and this is Scotland, so you buy something peated and local — and you sit on that generous sofa and you feel, for once, like you are not staying somewhere but living somewhere. The apartment does not perform for you. It simply holds you.

What Stays

Days later, what returns is not the marble lobby or the kitchen appliances or even the bathtub, though the bathtub comes close. It is the view from the top-floor windows at dusk — Edinburgh turning from grey stone to gold light to blue shadow in the space of twenty minutes, the whole city performing its nightly trick of looking ancient and brand new at the same time. You stand at the glass and the city does not ask anything of you. It just lets you watch.

This is for the traveler who wants Edinburgh without the performance of a hotel — who wants to cook breakfast in their underwear and still feel like they are staying somewhere extraordinary. It is not for those who want turn-down service and someone to remember their name. It is for people who understand that the deepest luxury is sometimes just a door heavy enough to keep the world on the other side.

Rates for a one-bedroom apartment start around $271 per night, with the Grand Penthouse commanding significantly more — though once you have seen what the light does to that bathtub at seven in the morning, the number on the invoice stops mattering and the memory starts compounding interest.