Staybridge Suites Hotel at Spring Mews London SE11

RNS Number : 2833S

CLS Holdings PLC

06 November 2013

 

Release date:                6 November 2013

CLS Holdings plc

("CLS", the "Company" or the "Group")

Staybridge Suites Hotel at Spring Mews, London SE11

CLS 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.

The 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. 

Sten Mortstedt, Executive Chairman of CLS Holdings plc, commented:

"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."

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For further information, please contact:

CLS Holdings plc                                                         [phone]

www.clsholdings.com   

Sten Mortstedt, Executive Chairman

Henry Klotz, Executive Vice Chairman

Richard Tice, Chief Executive Officer

Liberum Capital Limited                                             [phone]

Tom Fyson

Charles Stanley Securities                                          [phone]

Mark Taylor                                                                  

Kinmont Limited                                                          [phone]

Jonathan Gray

Smithfield Consultants (Financial PR)                         [phone]

Alex Simmons

 

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