LaSalle Investment Management is to develop an 84-room hotel on the site of an an obsolete office block in the centre of the English city of Portsmouth.
LaSalle Investment Management is to develop an 84-room hotel on the site of an an obsolete office block in the centre of the English city of Portsmouth.
Premier Inn, the UK’s largest budget hotel chain, has signed a 25-year lease for the new hotel, which will include two retail units on the ground floor.
A planning application has been submitted for the project, valued at approximately £8 mln (€9.4 mln).
The hotel will replace the Midland House office block at Dugal Drummond Street, next to the Portsmouth and Southsea Railway Station.
