It was developed with property company Frogmore and designed by Dexter Moren Associates, with a new public park and courtyard forming part of the project. It is Whitbread’s fifth Premier Inn hotel in the borough of Southwark, joining those at Borough High Street, Tate Modern, Tower Bridge and Bankside. In addition, a 110-room Hub by Premier Inn opened on Soho’s Berwick Street in April, with a 246-room Hub on Quaker Street in Shoreditch scheduled to open in late June.
WHERE IS IT?
Between Ufford Street and the Cut, approximately 100 metres from Southwark Underground station and about a five-minute walk from Waterloo station.
WHAT’S IT LIKE?
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Adventures in Albania - From paranoid dictatorship to dream travel destination, why the Balkan nation is ready for its moment in the sun
Over the past few years, tourism has shot up stratospherically; recent figures from the European Travel Commission show it's grown 86 per cent since 2019. Its GDP per capita has also been increasing, and last year stood at US$8,800, while the average monthly salary is now around 84,000 lek (£704). Foreign direct investment is also on the rise, with countries including Switzerland, Italy, and the Netherlands targeting sectors such as energy, mining, information and real estate to a value of around US$1.5 billion in 2022, according to UNCTAD's World Investment Report. Not bad for a country which used to depend on foreign food aid.
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