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Foxtons founder Jon Hunt has announced plans to build a 145-bedroom hotel at 49-51 Paul Street in Shoreditch, east London.
According to the Evening Standard, Hunt secured a resolution to grant planning permission from Hackney council, and said Shoreditch is a “great place to invest in”.
Architectural firm Jestico + Whiles will design the building, which will include a cafe or restaurant.
Hunt told the Evening Standard: “Shoreditch has recently become a destination of choice for tech companies together with a wide range of start ups and this, coupled with demand from younger tourists, makes this a good place to construct and open a hotel.”
James Dilley, director at Jestico + Whiles, added: “The proposals for the new hotel on Paul Street respond directly to the area’s architectural and cultural context in the heart of Shoreditch.
“We’re delighted this has been recognised by the London Borough of Hackney and look forward to seeing this increasingly busy thoroughfare through Shoreditch reactivated.”
