Accor to open two Adagio aparthotels in east London

George Sell George Sell Uploaded 29 June 2014

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UK: Two Adagio apart hotels will open in east London by 2018.

A 217-apartment property will open on Whitechapel Road in 2016 following the conversion of an office building called Black Lion House.

And in 2018, Accor will open Adagio London Stratford, a 137-unit new-build development on the Olympic Park site.

Both developments will see Accor partnering with Union Hanover and EquityBridge Asset Management.

Martine Balouka-Vallette, CEO of Aparthotels Adagio, said: "Launching in London is central to the development of the Aparthotels Adagio brand in Europe and globally. London is the place to be for business and leisure. Opening in London is integral to our business and has been a priority since Adagio was launched in 2007. We now have the right opportunities to launch Adagio is the city with two exciting openings which will deliver for the burgeoning extended stay market in London and Europe.

"Greater availability and increased consumer demand are driving the serviced apartment growth in the UK and Adagio will play a major part of this continued growth in years to come," she added.

Adagio's other UK project is a 146-unit development in Edinburgh, which is due to open in 2017.

Aparthotels Adagio is a sponsor of the 2014 Serviced Apartment Summit in London.

www.adagio-city.com#sthash.0hY7g877.dpuf

www.adagio-city.com

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