Whitbread, Premier Inn's parent company, will take a 30-year lease of the hotel and restaurant within the 30-storey mixed-use scheme which is at the gateway to Canary Wharf, next to Westferry DLR station.
The development will also include private and affordable residential accommodation, community space, retail units and a ground floor Whitbread-branded restaurant all set in a landscaped public realm. Rockwell Property was granted planning permission on the site by the London Borough of Tower Hamlets in October.
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On completion, the hotel will be the tallest Premier Inn in the UK and Whitbread's largest hotel in London (outside of airport hotels).
Donal Mulryan, Founder of Rockwell, said: "I'm delighted that Rockwell have secured Premier Inn as the operator for our new hotel-led development at the Westferry gateway to Canary Wharf. Premier Inn's emphasis on being a force for good aligns perfectly with our aspiration to deliver exceptional schemes which make a positive and lasting difference. It is an exciting time for Rockwell and this agreement further expands our growing hotel portfolio as well as illustrating our proven track-record. The desirability of this scheme is a testament to Rockwell’s expertise. We are eager not only to deliver it to our high standards but to continue building upon this with similar projects in the future."
Construction work is due to commence in summer 2019.
