Scottish Rugby has unveiled its plan to develop a hotel next to Murrayfield Stadium to boost and diversify its revenue streams.

A 100-200 bedroom hotel – which is expected to be three or four star – is being lined up to be built next to the entrance to the iconic Edinburgh-based rugby stadium.

The governing body has partnered with JLL’s Hotels & Hospitality Group to find potential investors and operators for the site. Operators looking to take on the project will be expected to work closely with The Murrayfield Experience – the stadium’s existing conference and event service provider.

Mark Dodson, chief executive of Scottish Rugby, said the project was part of the body’s “continuing aim to improve the facilities and enhance customer experience” at Murrayfield.

“It will help us develop and diversify our revenue streams for the benefit of Scottish Rugby as a whole,” he added. “We have to look across our available estate to investigate ways of generating income over the mid-to-long-term.”

JLL director Keith McBain said that he expected a “high level of interest from investors and operators” in developing the site.

Murrayfield – the 67,000-capacity home of Scottish rugby – was built in 1925.