Work is finally set to begin on the long-awaited Art’otel London Hoxton, with an opening date of 2023.

Business Traveller first reported on plans for the hotel way back in 2008, but the property has been subject to a number of delays, and owner PPHE Hotel Group has only now received planning consent by Hackney Council for an improved and final development scheme.

The mixed-use property will now comprise a total of 27 floors, with five floors of office space, 17 floors of hotel rooms, and five floors dedicated to facilities including a gym, swimming pool, wellness facilities, an art gallery, destination restaurant, bar, and a 24th floor auditorium and event space.

The £180 million development will house original Banksy artwork, and a soon-to-be appointed interior designer and signature artist will design and curate a collection of works to be exhibited throughout the property.

There are Art’otel properties in Amsterdam, Berlin, Budapest and Cologne, with a 160-room hotel set to open within London’s Battersea Power Station development in 2022.

Commenting on the news Boris Ivesha, President & Chief Executive Officer of PPHE Hotel Group said:

“We are delighted to have received planning consent for our improved and final scheme to develop the Art’otel London Hoxton site into a 27-floor property.

“We have huge aspirations for our wholly-owned Art’otel brand at a global level and with developments in progress in London’s Hoxton and Battersea Power Station areas along with the recently announced New York City development we believe we can create further value for shareholders and enhance the overall guest experience.”