Business

McAleer & Rushe secures £82m contract to build London hotel development

McAleer & Rushe has secured a £82 million deal to build a 620-room hotel and hybrid aparthotel development

CO Tyrone construction giant McAleer & Rushe has secured a £82 million deal to build a new London hotel development.

The local contractor has confirmed construction is set to begin on a 620-room hotel and hybrid aparthotel in Paddington.

The new scheme is expected to open late summer 2021 and will be constructed on an existing two-storey basement.

Once complete it will feature a 373-bed Premier Inn and a 247-bed Staycity aparthotel across 19 floors. The development will also deliver 27,000 sq feet of social and community floorspace.

The project will create both short and long-term jobs and with the upcoming launch of the Elizabeth railway line will further support the economic regeneration as Paddington continues to grow as a hub for business users as well as leisure visitors to the city.

Led by developer Concierge 3, a consortium of BSW Land & Property, Staycity and The Pickstock Group, the development is the final stage of the Paddington Basin Masterplan and part of a wider investment which has seen new offices, shops, homes and leisure facilities being built over the last number of years revitalising the area.

McAleer & Rushe UK contracts commercial director, Emmett McGinley welcomed the latest contract won by the firm in the hotel sector.

“We are looking forward to working as development partners with Concierge 3 and all shareholders in delivering this exciting project within the wider Paddington regeneration masterplan," he said.

"Our experience in delivering high quality mixed-use buildings will ensure this project is a real success and is currently our second major development in Paddington Basin.”

Rabeea Shamsi, spokesperson for Concierge 3 added:

“This exciting development will make a major contribution to the regeneration of Paddington and it also bears testament to London's buoyant and resilient hospitality market. We will be working closely with McAleer & Rushe throughout the project and look forward to seeing this investment come to life on site.”

McAleer & Rushe is one of the leading contractors in the UK and Irish hotel sector and has delivered over 24,000 bedrooms. The company has also successfully worked with leading developers in recent years to expand its presence in the residential and student accommodation markets.

Enjoy reading the Irish News?

Subscribe from just £1 for the first month to get full access

Business

Today's horoscope

Horoscope


See a different horoscope: