Locke Hotels has confirmed plans to launch a new development in the heart of London’s Tower Bridge in early summer 2020.
It will follow the completion of a lease agreement with Acorn Property Group and Galliard Homes.
The sale of the lease at Tower Bridge Road will allow Locke to begin work on Bermonds Locke, a 142-key aparthotel development comprising 99 studios and 43 one bedroom apartments.
The design-led property will also host all-day dining with outdoor seating, a coffee shop, cocktail bar, co-working facilities, two meeting rooms and a gym.
Accessible from the popular Bermondsey Street to the west, Tanner St Park to the north and Tower Bridge Rd to the east will also offer access.
The Bermonds Locke development further establishes Locke’s investment in the city of London and is expected to follow the opening of Locke at Broken Wharf in spring 2020.
The scale-up follows the sale to Brookfield Investments in 2018, and the appointment of CEO Stephen McCall and chief commercial officer, Nick Barton.
Locke’s growth plans include 12 openings before 2022 across London, Dublin, Cambridge, Berlin and Lisbon.
Commenting on the move, Stephen McCall said: “We’re embarking on an exciting and ambitious phase for the Locke brand. London is where our brand originated and is a city that shares many of the same characteristics as Locke – vibrant, connected and socially immersive. Following the success of our very first opening – Leman Locke – we’re committed to continuing to invest in London and the communities within the areas we reside.”
He added: “The Tower Bridge Road development marks a key milestone in increasing our presence in the capital city. Bermonds Locke will bring a unique notion of luxury aparthotel living to the area, and will offer an inspired space for the thriving entrepreneurial creative and tech communities in this iconic part of the city.”
The new wave of developments includes prime spots in Lisbon, Berlin and London’s vibrant Dalston neighbourhood, marking the fourth Locke in the capital.
The three latest additions will bring the total Locke portfolio to 12 across the UK and Europe, with four set to open in 2020 and a further five sites planned to open by 2022.