Scotland's first £1,000-a-night hotel closes for good...

The Atholl was previously known as Scotland's most expensive hotel

In Edinburgh's West End, it charged four times more than nearby hotels 

Property will now go back on the market as four individual flats

Scotland's most expensive hotel has closed just two years after owners spent £5 million on the initial project.

The Atholl, located in Edinburgh's posh West End, broke barriers when it became the first Scottish hotel to charge £1,000 per night in April 2012.

Despite high expectations on the luxe property, the uber-expensive hotel proved to be just too excessive - at nearly four times the rate charged by nearby five-star hotels.

The Atholl Hotel has permanently closed its doors just two years after the initial £5 million investment

Rooms at The Atholl broke the £1000-a-night barrier and were the first to charge that much in Scotland

The luxe hotel offered Michelin-starred dining from Albert Roux and an award-winning garden

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Day to night: The Atholl was located on Atholl Crescent, which is one of the poshest areas of Edinburgh 

With the Georgian building's high price tag came Michelin-starred dining by Albert Roux, Hermes wallpaper favoured by the likes of Victoria Beckham, and an award-winning garden.

However, owner and Edinburgh businesswoman Alison Davies announced today that The Atholl has closed its doors for good.