"'It shows a commitment on behalf of the owner of the building to do something other than knock it down. The hostel looks as though it's aimed at the same target demographics that come to the cinema. We're happy that it's moving forward and hopeful that this resolution will free up some headspace for the landlord to talk to us about our new lease.'"
"'It's all internal [development work], with an entrance on the side of the cinema where there was a previous entrance to the offices,'"
"'individual privacy capsules'"
A 230‑bedroom hostel will occupy the four upper storeys of Charles House at 7 Leicester Place above the Prince Charles Cinema. The cinema will remain operational and its marquee will be left untouched. The hostel will offer beds separated by individual privacy capsules, unisex washing facilities and few windows and will be promoted as "high quality and reasonably priced." Construction will be internal, accessed via a side entrance, and limited to 8am–12pm to minimise disruption. Landlord Criterion Capital commissioned the scheme. The cinema still faces lease renegotiation after attempted break clauses and rent increases, despite ACV protection and a 165,000‑signature petition in its favour.
#prince-charles-cinema #hostel-development #criterion-capital #lease-dispute #asset-of-community-value
Read at Time Out London
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