citizenM has acquired a site for a 226-room modular hotel in London Victoria, which is due to open in 2021.
Construction of the new hotel, which will be located at 292 Vauxhall Bridge Road, is set to commence in May 2020 after demolition of the existing building, Denison House, is complete.
Following openings in Bankside in 2012 and the Tower of London and Shoreditch in 2016, the new 10-storey hotel will incorporate the same modular construction methods.
citizenM's CEO, Klaas van Lookeren Campagne, said: "We are excited to have competed this transaction after securing planning consent in a prime location in Westminster. With three hotels already operating successfully in London, this new property will offer a fantastic addition to our existing portfolio and confirms our commitment to expand further in London's most desirable neighbourhoods."
Kingly Partners advised citizenM.
