(31 Oct 2021)
Whitbread, the largest hotel company in the UK, has
expanded its portfolio with the opening of a new hotel in London.
The 274-room Premier Inn off The Cut in Southwark
is located between Ufford Street and The Cut in Southwark, just
100 metres from Southwark underground station, a five-minute walk from
Waterloo station and near to a range of theatres, bars and
restaurants.
The hotel consists of two hotel buildings
connected via a glass bridge and a Bar + Block restaurant,
Whitbread’s latest restaurant brand, is located on the ground
floor with outdoor seating.
Working
with partner Frogmore, Whitbread has also created a new public
park and courtyard for the community to enjoy, as part of the development
which was designed to
achieve a BREEAM ‘Excellent’ rating.
Jo Allen,
Chief Executive of Frogmore, said, “We have created
something special at The Cut. It’s a fantastic location for a
hotel and working with Whitbread, and a brilliant design and
development team, we have created a new building that challenges
perceptions about what branded hotels can deliver in central
London. The hotel looks fantastic, it gives back to the
community through a new accessible open space, and it has created
a secure income stream to clients of LaSalle Investment Management
who purchased the investment from us. It shows what can be
achieved through effective partnering and I’m extremely proud of
what we have created.”
The Southwark Station Premier Inn is
one of three significant central London openings for Whitbread in
its 2020/21 financial year. A new 110-bedroom hub by Premier Inn
hotel is scheduled to open on Berwick Street in Soho in early 2021
while a 246-bedroom hub by Premier Inn will be coming to Quaker
Street in Shoreditch in February 2021.
Derek Griffin, Head of Acquisitions at Whitbread,
said, “Premier Inn has a bright
future in London and this latest opening is testament to our
confidence in the city, the market, and our product. COVID19 has impacted the hospitality industry in the short-term.
But our long-term strategy remains to grow, to be ambitious about securing the best sites in strategic locations, and to identify
outstanding opportunities where we know there will be demand for
our bedrooms. Our new opening at The Cut in Southwark is
an excellent example and will be an important destination for
leisure and business visitors for years to come. We’re looking to
secure more locations like this in 2021 and have live requirements
for new hotels in similar locations across London.”
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