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Polcom to build world’s tallest module hotel

Rafał Ostrowski 08 December 2017

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał is a journalist at ‘Eurobuild CEE’. Previously he worked for Wydawnictwo Murator and for Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and published photo-reportages from his travels to Asia, where lived and worked for some time. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. He enjoys sailing, travelling and family life. For ‘Eurobuild CEE’ he specialises in eastern European markets and is responsible for the film direction of Eurobuild TV.

Polcom to build world’s tallest module hotel
The 47-storey hotel in Canary Wharf will have 620 rooms
EUROPE Polcom, which is based in Topole near Chojnice in Pomerania, is planning to build the largest building using module technology in the world – a 47-storey hotel with 620 rooms in Canary Wharf in London.
All the modules and room furnishings will be produced in Polcom’s factory in Poland before being transported to London to be assembled. The investor and developer will be Polcom, while the minority shareholder will be the Foreign Expansion Fund, which is owned by the PFR TFI fund. The building will house a Marriott Residence Inn hotel and a AC Hotel by Marriott, which will operate on a franchise basis, managed by Redefine BDL hotels. The expected cost of the project is GBP 120 mln, making it the biggest ever Polish project in the UK. The hotels are expected to open by the end of 2020 . The lease for the site of the project was signed on November 22nd, along with letters of intent with Bank Gospodarstwa Krajowego and the Export Credit Insurance Corporation for the financing and insurance of the project. Polcom expects to obtain the building permit in Q1 2019. The construction process should take two years.

This will be Polcom’s third project as a hotel developer, with its two previous projects also being located in the UK. The official opening of the first project – the Courtyard Marriott hotel in Edinburgh – is also planned. Another Courtyard, located near London Luton airport, is to be opened in the next few months. Polcom is able to invest in its own development projects using funds raised from the production of modules for the construction of hotels and hotel furnishing.

The company has been producing module hotels for foreign developers in cities such as London, New York, Los Angeles, San Francisco and Calgary for five years. For more information about modules, see our April article 'Prefab Sprouts'.

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