City tourism boosted with £230m Farringdon hotel plans

Developers have unveiled plans for a new 350-room hotel in Farringdon, setting up a £230m joint venture to revamp the historic site. Dublin-based aparthotel operator Staycity, which owns the Wilde brand, has founded a partnership with Penta Real Estate to deliver the new project.  The 11-storey site, which will offer apartment living and co-working areas, hopes to boost the City’s ambition to attract more tourism alongside its role as a global finance hub.  The new project will redevelop the Morley House site, near Holborn viaduct in Farringdon, and will see the refurbishment of the grade-II-listed City Temple Church, which has stood since 1640. Construction on the site will begin soon, developers said, beginning with the demolition of an existing office block, and is expected to complete in 2029. Pavel Streblov, managing director of Penta Real Estate, said: “This is a really exciting project in a lively and dynamic part of London. Staycity Group has a great track reco