Premier Inn owner Whitbread have signed a deal with Investco Real Estate and YardNine to open a new 366 bedroom hotel and restaurant as part of a major mixed-use development at 40 Eastbourne Terrace next to Paddington Station.
The hotel will comprise a 275-bedroom Premier Inn, a 91-bedroom hub by Premier Inn and Whitbread’s premium Bar + Block Steakhouse restaurant – the first time all three brands will occupy the same building.
Construction is due to commence in Q2 2021 and the hotel is anticipated to open in late 2023.
Located directly opposite London Paddington station, adjacent to the entrance to the Elizabeth Line, tenants, residents and guests will benefit from close proximity to national and local travel links, the leisure, retail and dining options of Paddington Basin and the West End, and the green space of Hyde Park.
Jonathan Langdon, Acquisitions Manager for Central London at Whitbread, said: “Our business strategy is to invest in locations where we expect to see strong, long-term demand for our Premier Inn and hub by Premier Inn bedrooms. Paddington is one such market where we see this opportunity for strategic growth. The 40 Eastbourne Terrace development brings our three leading brands together in one building and grows our presence in the Paddington catchment to over 1,000 bedrooms. It is a fantastic addition to our network of hotels in central London and demonstrates our confidence in the future success of the capital.”