Completed November 2013
Acting on behalf of international clients J D Partners was instructed to undertake an operator search & selection process for an office conversion opportunity for change of use to a 184 bedroom hotel in the heart of the City of London. Alongside the selection process we worked closely with the client, architects and project manager over several months to optimise the design of the hotel and to maximize the operating efficiency and investment value of the development.
Following the hotel operator selection process Whitbread Plc were selected as the preferred operator / tenant for their Premier Inn brand. A 25 year year unbroken lease was negotiated with indexed linked 5 yearly rent reviews. The hotel is currently under construction with completion scheduled for late summer 2013.