Business
Staybridge Suites Hotel at Spring Mews London SE11
Staybridge Suites Hotel at Spring Mews London SE11.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2833S CLS Holdings PLC 06 November 2013 \n\n \nRelease date: 6 November 2013\n \n \nCLS Holdings plc \n(\"CLS\", the \"Company\" or the \"Group\")\nStaybridge Suites Hotel at Spring Mews, London SE11\n \nCLS Holdings plc is pleased to announce that it 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, London SE11. This will be the most central Staybridge Suites hotel in London, following the successful opening of Stratford City last year.\n \nThe 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 high quality student rooms and is scheduled for completion in September 2014. \n \nSten Mortstedt, Executive Chairman of CLS Holdings plc, commented:\n \n\"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.\" \n \n-ends-\n \nFor further information, please contact:\n \nCLS Holdings plc +44 (0)20 7582 7766\nwww.clsholdings.com \nSten Mortstedt, Executive Chairman\nHenry Klotz, Executive Vice Chairman\nRichard Tice, Chief Executive Officer\n \nLiberum Capital Limited +44 (0)20 3100 2222\nTom Fyson\n \nCharles Stanley Securities  ...