Revised plans for Maya and Veld Capital’s hotel at 160 Blackfriars Road, SE1, have been approved by Southwark Council.
The duo bought the site in October 2021 and will now develop a 222-bed hotel, prelet to Munich-based hotelier Motel One.
The original planning permission was granted in 2020 but the amended scheme will deliver a more sustainable scheme, targeting BREEAM Outstanding and EPC A, with an increased affordable workspace area and amenities.
Construction is expected to start in Q2 2023 with completion targeted for H2 2025.
David Pralong, Maya’s managing partner, said: “The approval by Southwark’s planning committee is an important milestone for our project.
“Maya and Veld will continue to work closely with Southwark Council and local stakeholders to deliver this exciting mixed-use scheme.”
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