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Property developer Manex Properties has secured planning permission from Westminster City Council to transform an office building into a 73-room boutique Amano hotel.
The joint venture between Amano Group and Excellion Capital will redevelop Waterman House on Kingsway.
The project will convert the nine-storey former office building, which has stood vacant for more than a decade, into a lifestyle hotel with a ground-floor food retail space.
The site sits 50 yards from the existing Hotel Amano Covent Garden. On completion of the new project, the total value of the London estate for the group will reach £150m.
The companies will run both properties using a single management team. The project will restore the architectural character of the 25,000 square foot landmark, and construction work is scheduled to begin later this year.
Philip Rokeach, director at Amano Group, said: “Our vision to bring Berlin’s flair to London was already validated by the exceptional performance of Hotel Amano Covent Garden. Securing planning consent for Waterman House was an important next step in expanding our Amano brand in the city.”
Robert Stafler, director at Amano UK and Manex Properties, added: “Securing planning permission is a major milestone. The approval enables our office-to-hotel conversion and increases the room count to 73 keys.
“It improves building design, operational functionality and street-level presence. We are delighted to start the restoration of Waterman House later this year to bring this long-derelict landmark asset back to life.”
