Central London hotel failure

LONDON’S five-star Silken Hotel is not likely to happen.  Situated on a prestigious site at the junction of The Strand and Aldwych, work stopped last year.  The development, by Spanish hotel chain Grupo Hotelero Uravasco has now been put up for sale by administrators Price Waterhouse Coopers.  The 11-storey structure is on the site of the former Marconi Building, the location of the first-ever radio broadcast.  The scheme included 170 bedrooms, 90 apartments, several restaurants and bars and a rooftop terrace. www.hoteles-silken.com

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