Whitbread is set to open a 366-room hotel and restaurant next to Paddington Station in late 2023.
The owner of the Premier Inn and hub by Premier Inn hotel brands has signed an agreement with Invesco Real Estate and property development and asset management company YardNine to open the property within a mixed-use development at 40 Eastbourne Terrace.
Located directly opposite London Paddington station and adjacent to the entrance to the Elizabeth Line, the hotel will comprise a 275-room Premier Inn, a 91-room hub by Premier Inn and a Bar and Block Steakhouse restaurant. It will be the first time that all three brands occupy the same building.
The scheme has been designed by architects Sheppard Robson, with construction set to begin in the second quarter of this year. Whitbread states that it is investing heavily in the Paddington area due to strong demand for its rooms from business and leisure guests. Whitbread also has a 373-room Premier Inn hotel under construction in Paddington Basin and a 294-room hub by Premier Inn hotel set to open on Marylebone Road.
Invesco Real Estate purchased 40 and 50 Eastbourne Terrace in 2018, and the redevelopment of the two sites will see the addition of approximately 7,000 sqm of office space, over 900 sqm of retail space, seven mews houses and the 366-room hotel.
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.”
Whitbread recently announced a new partnership with utility firm Engie to roll out up to 1,000 electric driving charging points at its UK properties.
Whitbread operates over 800 hotels in the UK, and is currently focusing on expanding in Germany and Ireland, with a pipeline of 12,000 hotel rooms across 68 hotels in Germany.