Construction work has now commenced on the Clerkenwell Road, London EC1 development site of Fladgate client, Medina Investment, to create a 212 bedroom hotel to be operated (under management contract) by Yotel.
The hotel will be the first city centre hotel in Europe for Yotel and is scheduled to open in the latter half of 2018. Fladgate has been closely involved in the project from day one including advising Medina on the initial site acquisition, the obtaining of planning permission, development finance and contractual negotiations with Yotel. Yotel has press-released the pre-launch of this flagship hotel to numerous industry publications and media channels.
The Fladgate team comprised James Fry (real estate partner), Eddie Powell (ICT partner) and Gary Smith (banking partner).