CLS Holdings has signed a franchise agreement with InterContinental Hotels Group for a 93 bedroom Staybridge Suites Hotel at its mixed-use development at Spring Mews, Vauxhall.
This will be the most central Staybridge Suites hotel in London.
CLS say the franchise agreement, which is for a 15 year term, forms an important part of the £80 million mixed-use development, which will also include 400 student rooms and is scheduled for completion in September 2014.
Sten Mortstedt, Executive Chairman of CLS Holdings plc, commented: “InterContinental Hotels Group is one of the top hotel companies in the world and its Staybridge Suites brand perfectly meets our aspirations for a hotel in this area. We very much look forward to working together with IHG.”