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UK: Owner-operator Queensway Group has secured planning permission for two Point A hotel developments in Central London, comprising almost 350 keys.
The properties include a 236-key scheme near Monument in the City of London and a 105-key scheme on High Holborn in Camden.
Both developments will reposition existing office buildings under the Point A Hotels brand.
Ryan McWaters, development director at Queensway Group, said: “These approvals reflect our continued focus on unlocking value through well-located assets in central London, including planning-led repositioning opportunities. We are actively deploying capital into similar opportunities and selectively identifying sites where clear value can be unlocked.”
Highlights:
- Queensway Group secured planning permission for two Central London hotel developments totalling nearly 350 rooms, advancing its expansion of the Point A Hotels portfolio.
- The approved 236-room Point A hotel near Monument in the City of London will convert an existing office building into a centrally located budget hotel asset.
- A second 105-room Point A hotel development on High Holborn in Camden will similarly reposition office space into a hospitality-led scheme targeting central London demand.
