Park Plaza has exchanged contracts on a development site in Park Royal.
The Hotel operator has acquired 628 Western Avenue, across the A40 from Park Royal tube station, for a reported £6m. The 2.75 acre site formerly owned by Chancerygate would have a new hotel fronting the A40. Park Plaze are reported to be in the process of applying for permission for the scheme.
The site is consented for an office/industrial scheme.