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 – which has been derelict for more than a decade – by the London Borough of Tower Hamlets in October.
On completion, the hotel will be the tallest Premier Inn in the UK and Whitbread’s largest hotel in London outside of its airport offering.
Louise Woodruff, acquisitions manager for Premier Inn, said: “We’re very excited to bring Premier Inn to Canary Wharf Westferry in what will be our tallest hotel in the UK. Aside from our hotels at Gatwick and Heathrow Airports, this 400-bedroom hotel will be the largest Premier Inn in London, which reflects the strong demand we’re experiencing in east London and especially around Canary Wharf.
“We’re delighted to secure the deal with Rockwell for a fantastic development that will make a positive contribution to Tower Hamlets by creating local jobs alongside new public areas and affordable homes.”
Construction is due to commence in summer 2019.