A hospitality group with a turnover of \u00a33 billion plans to partially demolish and modernize a 13-story building next to Fenchurch Street Station and add three additional floors under a design developed by hotel specialists Axiom Architects.<\/p>\n\n\n\n
The planned 16-story building will feature 420 guest rooms, a pub, as well as street-level retail spaces and a cultural space.<\/p>\n\n\n\n
The existing 90,000-square-foot building, New London House, was built in the 1970s by EPR Architects. It was purchased by Whitbread for \u00a356.5 million in 2023.<\/p>\n\n\n\n
Mark Anderson, Managing Director of the real estate company, stated that the London office market is undergoing a “structural shift,” which presents opportunities to acquire buildings that are no longer suitable for office use.<\/p>\n\n\n\n
\u201cOur strong balance sheet, significant liquidity, and ability to buy and develop properties that are rarely available in our sector give Whitbread a very strong opportunity to take advantage of this structural shift,\u201d he said.<\/p>\n\n\n\n
This project will be the sixth Premier Inn hotel within the City of London, where the brand is already represented at two locations near Tower Hill: one at Bank and the other at Blackfriars, as well as a fifth hotel near Smithfield.<\/p>\n\n\n\n
The New London House project team includes project lead Cumming, planning consultant DP9, structural engineers Elliott Wood, landscape architect Turkington Martin, and urban landscape consultant The Townscape Consultancy.<\/p>\n","protected":false},"featured_media":5091,"template":"","acf":[],"yoast_head":"\n