PARIS— Accor is bringing its new Suitehotel chain to the U.K. as part of a development in London’s East End next to the ExCel exhibition center. The hotel, which will have about 140 suites, is included in a major project from developer Marylebone Warwick Balfour (MWB) that has just been granted detailed planning consent. MWB pre-sold the two hotels in the first phase of the development to Accor. The second hotel will be a Novotel with about 250 guestrooms. The development will cost Accor approximately $63.6 million in total. Work starts this fall on the two hotels and will be completed by spring 2003. Accor will own the hotels upon completion. Suitehotel is a new mid-market chain aimed at the business traveler. The third Suitehotel opened recently in Paris, and Accor plans to have 50 of them across Europe within four years. Accor plans to open a second Suitehotel in central London, followed by more in large provincial cities if the first two are successful.
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