Union Hanover Securities has gained planning approval for a £126million dual hotel scheme at Stratford City in East London.

One hotel will be a 137-bedroom Adagio aparthotel; the other a 249-bedroom boutique hotel to be named the Penny Brook Hotel.

The Penny Brook Hotel will be a 25-storey tower with recessed facades. It will include a large ground floor restaurant and café area along with conference space. The tower will also feature a top floor restaurant and lounge. The Adagio aparthotel will include 95 studio apartments and 42 one-bedroom apartments.

The hotels will form part of the London Legacy Development Corporation’s masterplan to develop a cultural international quarter around the Queen Elizabeth Olympic Park, the site of the London 2012 Olympic Games.

Union Hanover Securities has also just received planning permission for a new 180-bedroom boutique Urban Villa hotel alongside the Union Canal Basin in Edinburgh – details

Details: www.costar.co.uk