Hotel with 350 Rooms in London

Penta Group, which already runs three real estate projects in London, has started another investment. Penta Real Estate will build an eleven-storey hotel with 350 rooms, and its cost will exceed 230 million pounds, which is about 6.7 billion crowns (Penta postaví v centru Londýna hotel za 6,7 miliardy korun. Nabídne 350 pokojů – iDNES.cz) (Penta posiluje v Londýně. Nově tam staví luxusní hotel – Seznam Zprávy). The facility will be built in the City of London, near the city's main investment hub. It will carry the Wilde brand, referencing the Irish poet and writer Oscar Wilde.

Joint Venture with Staycity

The investment is being carried out through a joint venture company. It is owned by Staycity, one of the leading European aparthotel operators.

Offices will also be built on the same site. A renovation of the historic City Temple church, which is important to the local community and the district's history, is also planned.

Change in the Investment Profile

Pavel Streblov, head of Penta Real Estate, explains that the group has so far built primarily residences and is now moving into hotels. The future facility previously stood as an office building. The new hotel is meant to be a modern aparthotel for guests who come to London not for a single night, but for several days.