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Four years after they bought the site for £2.6M, and nearly four months after Bisnow reported on the building's squatting problem, Japanese hotelier Tokyo Inn has confirmed that it has chosen Manchester's former Barclays Bank, Piccadilly, for its U.K. debut.
The hospitality group, which already has two hotels on the European mainland, plans a 22-storey tower on the site at 12-16 Piccadilly. The site incorporates the Grade II listed bank building.
GVA HOW Planning will submit a proposal to revise the 2013 planning permission soon for a start on-site early next year, Insider reports.
The hotel concept is an updated — and Far Eastern — version of the traditional railway hotel aimed at business travellers and a growing cohort of Far Eastern tourists.
