A 218-bedroom aparthotel is to be developed near London's Waterloo station following the signing of an agreement between Marlin Apartments and the developers, McAleer & Rushe.
The £28m development will see the demolition of Costain House, a 1950s office block, and its replacement with the aparthotel alongside six office suites, a restaurant and retail space.
Located in Westminster Bridge Road, the mixed-use development, measuring nearly 160,000 sq ft, will be designed in Portland stone and brick and rise from seven stories at the front to 10 at the rear.
Susan Cully, managing director, Marlin Apartments, said the new building will enable the business to diversity its offer to both corporate and leisure guests.
"By adopting the apart-hotel business model for the first time, we can offer guests a more compact offering but with the same high level of design, facilities, style, customer service and value as we already offer across Marlin Apartments' six other sites," she explained.
Marlin Apartments currently operates serviced apartments in London Bridge, Tower Bridge, Stratford, Limehouse, St Paul's and Canary Wharf.
Pictured: Susan Cully with John Corless, chief executive of Marlin Apartments and Eamonn Laverty, chief executive, McAleer & Rushe.