It has been awarded an £82 million contract to build a 373-bed Premier Inn and a 247-bed Wilde by Staycity aparthotel across 19 floors.
Led by developer Concierge 3, a consortium of BSW Land & Property, Staycity and The Pickstock Group, the scheme is the final stage of the Paddington Basin Masterplan.
The new development is expected to open late Summer 2021.
Emmett McGinley, commercial director at McAleer & Rushe Contracts UK, said: “We are looking forward to working as development partners with Concierge 3 in delivering this exciting project within the wider Paddington regeneration master plan. Our experience in delivering high quality mixed-use buildings will ensure this is a real success and is currently our second major development in Paddington Basin.”
Rabeea Shamsi, chief executive of BSW Land and Property and 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 and look forward to seeing this investment come to life on site.”
McAleer & Rushe has previous experience of the London aparthotel sector – in December 2014 it was awarded a £28 million contract to build a property at Westminster Bridge Road for Marlin Apartments.
