18-storey hotel to overlook Olympic site

Grant Prior 4 years ago
Share

The first commercial deal has been signed at The International Quarter, Stratford City for an 18-storey hotel overlooking the Olympic Park.

Hotel image 150713

Joint venture partners Lend Lease and London & Continental Railways have agreed a deal with Starboard Atlantic Hotels LLP – a joint venture between Starboard Hotels and Union Hanover Securities.

The JV has purchased the site to build a 275,000 sq ft hotel of up to 500 bedrooms, comprising the design-led Urban Villa extended stay hotel and an upmarket internationally branded hotel.

A planning application will be submitted later this year with the complex scheduled to open in 2016.

The 18-storey hotel complex will overlook the former London 2012 Athletes’ Village, now known as East Village.

It is also directly adjacent to Westfield Stratford City, Queen Elizabeth Olympic Park and Stratford International station.

Lend Lease expects to submit a planning application later this year for the first 350 residential units on the site of the former Olympic Park.

If the application is successful, the new homes will go on sale in early 2014.

Kristy Lansdown, Lend Lease’s Project Director, said: “This deal represents a decisive step for both The International Quarter and the Olympic legacy.

“The Starboard Atlantic brand offer is an ideal fit for the new commercial hub we are creating in Stratford, which capitalises on the world-class infrastructure which was put in place for the London 2012 Olympics and is one of the best connected places in London.”

Paul Callingham, managing director of Starboard Hotels, said: “We are thrilled to have secured such a prominent site for a hotel in the heart of the Park, close to Westfield and Stratford International.

“The Olympic Park has become one of the most iconic venues in London and plans for creating a legacy on the site will ensure that it remains a key hub for both business and leisure in East London.

“The Starboard Atlantic Hotels offering will provide a mix of four-star hotel space, luxury aparthotel and first-class restaurant facilities.

“We are in discussions with a number of brand partners for the hotel itself, whilst we will be expanding the Urban Villa concept, currently being rolled out across the country by Union Hanover.”

 

Latest news

London’s Camden Council to strip cladding from five towers

Tests reveal Chalcots Estate fitted with polyethylene core cladding
13 hours ago

First tests reveal combustible cladding on other towers

Up to 600 towers need to be checked
17 hours ago

Two killed in crane collapse on Crewe construction site

Tower crane comes down on Seddon site
1 day ago

Berkeley cleared to fast-track scheme for Grenfell survivors

Homes and Communities Agency strike deal to buy Kensington Row luxury apartment scheme
2 days ago

Buckingham Group targets £500m revenue in 2018

Profits soar as firm eyes swelling pipeline of stadium projects.
1 day ago

Five more Edinburgh schools found with building defects

Investigation reveals more schools in Edinburgh suffered wall-tie defects
21 hours ago

Galliford/Lagan jv wins £135m RAF Marham hangar

New hangar will house a dozen F-35B vertical take-off jets
1 day ago

CIOB sets up commission to probe control of build quality

Paul Nash to lead urgent review into behaviour that undermines quality in construction
2 days ago

Barratt names new finance boss

Barratt promotes Jessica White to top financial executive
21 hours ago

Opinion: Construction must say never again to another Grenfell

The industry must break with its lowest cost culture
2 days ago

Profits soar at Berkeley despite housing market uncertainty

Berkeley worried about Brexit impact on skills as half its site labour comes from EU
2 days ago

Hewden sell-off raises £120m but trade creditors get pennies

More than £41m was owed to plant hire giant's trade creditors
2 days ago

New Bovis Homes boss buys extra £2m shares

Greg Fitzgerald raises his shareholding to around £3.2m
2 days ago

Kier and Bouygues look for London subcontractors

Major meet the buyer event in the capital next week: Register now
3 days ago

Croydon council to retrofit 25 towers with sprinklers

Council to start £10m sprinkler programme in tallest housing blocks
2 days ago

Yorkshire builder’s MBO deal sowed seeds of own demise

George Hurst & Sons never recovered from an MBO a decade ago saddling the business with debt
2 days ago

Queensferry Crossing to open on August 30

End in sight for contractors who have battled against high winds for six years
2 days ago

Councils ordered to check rainscreening on all buildings

Government to fund fire rating tests on all aluminium composite material clad buildings
4 days ago

Morgan Sindall infrastructure boss to join Lagan

Nick Fletcher to return to Lagan as Chief Operating Officer
3 days ago

Architect makes loss as construction market peaks

Aukett Swanke struggling for commissions as market hits "bottom of the cycle"
3 days ago

Final concrete poured on Mersey Gateway

Bridge project on course to be completed this autumn
3 days ago

Willmott Dixon wins £20m medical school

University works swell to £320m with new Anglia Ruskin School of Medicine in Chelmsford
3 days ago

Worker trapped between roof and work platform

Contractor Pyeroy fined £130,000 for lack of MEWP training
3 days ago

Bristol Uni plan for £300m Temple Meads campus

Construction work is scheduled to get underway on 900,000 sq ft scheme in 2019
4 days ago

Morgan Sindall secures Midlands power network deal

Western Power Distribution two year contract extension worth £60m
3 days ago

Specialists named for £290m SW highways work

21 firms awarded specialist works on new South West England asset delivery model
4 days ago

Vital Energi wins Ardmore package at Ram Brewery

Specialists latest success with main contractor
3 days ago

Experts focus on rapid fire spread up exterior clad columns

Building columns clad in 'flammable' rainscreening allowed Grenfell fire to spread rapidly
4 days ago

Bechtel posts £2.3m UK operating loss

Project management specialist hit by problem contracts
4 days ago

Third of firms dropped from £1bn-plus London housing deal

Notting Hill Housing Trust names 23-strong line-up of favoured contractors
4 days ago

Contractor services