Leading NRI businessman Yusuffali MA has acquired an iconic Scottish hotel based in Edinburgh in a 120-million-dollar deal clinched by Twenty14 Holdings (T14H), the hospitality investment arm of his Abu Dhabi headquartered Lulu Group International. The Caledonian, a grand Edwardian hotel overlooking Edinburgh Castle, joins his portfolio of 650-million-dollar worth of luxury properties across the UK, the Middle East and India. The T14H announced plans to invest $28 million for the expansion and enhancement of the historic hotel under its ownership, while retaining its heritage and distrinctive architecture. The plan is to add The Caledonian to the portfolio of Twenty14 Holdings. With more than 100 years of history, The Caledonian brings with it a rich heritage, character and unique opulence, said Adeeb Ahamed, managing director of T14H.