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Plans have been mooted for a 200-room hotel on a prime site close to Tower Bridge in London.
Asset management firm Dominvs Group, which recently signed a partnership agreement with Intercontinental Hotels Group, has acquired the former Tower Bridge Magistrates’ Court and Police station for an undisclosed sum
“The 46,000 square foot Grade II listed property lends itself well to a number of alternative uses, the most appropriate being a luxury 150-200 unit hotel scheme that will regenerate and reposition the site as a landmark for the area,” the company said.
The acquisition of the site south of the River Thames is the eighth in the past 12 months by Dominvs Group, creating a hospitality portfolio spanning 500,000 square feet and more than 1,200 projected rooms.
Director Preet Ahluwalia said: “After an intensive competitive bidding process, we are pleased to have secured the Tower Bridge site.
“This is a once-a-decade investment opportunity, and its prime location parallel to the Thames River and access to central and southeast London aligns with our London acquisition strategy.”