PPHE Hotel Group has bought out its joint venture partner in art’otel Hoxton, in east London. The GBP35m deal means construction of the 318 room hotel will start in the second quarter.
PPHE invested GBP11m for 50% of the Hoxton site in 2008, alongside partner Aspirations Ltd. It is currently developing another art’otel in London, at Battersea power station.
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