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Luxury Hotel to Open Next to Harpa in Reykjavík

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Luxury Hotel to Open Next to Harpa in Reykjavík

From left: Mayor of Reykjavík Dagur B. Eggertsson, President and CEO of Carpenter & Company Richard L. Friedman and CEO of Arion Bank Höskuldur H. Ólafsson, standing by a model of the wharf. Arion Bank is working on the project’s funding.

U.S. real estate company Carpenter & Company have purchased the construction rights for a hotel next to concert and conference center Harpa at the Reykjavík wharf. The company is planning to build a five-star, 250-room hotel, including a number of restaurants, a spa and rooms for meetings and banquets, as announced at a press conference yesterday.

“I just fell in love with this… this city is so fantastic with such vitality and such excitement. And the harbor is so magnificent,” President and CEO of Carpenter & Company Richard L. Friedman told RÚV.

“This will be a hotel which is superior to any other hotel in Iceland. It will bring people to Iceland who don’t currently come,” Friedman stated, adding that the hotel’s good meeting facilities and its location next to Harpa will attract business travelers.

“It adds another dimension to tourism in Iceland; we haven’t had a five-star hotel before,” said Mayor of Reykjavík Dagur B. Eggertsson, adding that it will strengthen the city as a conference destination.

He is also pleased that the building lot next to Harpa will no longer be a hole in the ground and that the development of the wharf, which started almost ten years ago, will finally be completed and that Harpa will be better connected with the downtown area.

Construction is scheduled to begin in the autumn and the hotel’s opening is planned for 2018, as revealed in a press release from the City of Reykjavík. Carpenter & Company is currently in talks with a leading international hotel chain on operating the hotel. Negotiations are in the final stages and hotel chain’s name will likely be announced shortly.

Carpenter & Company operates many hotels in North America and has previously worked with St. Regis, Four Seasons, Marriott, Hyatt and Starwood.

An agreement has been made with Icelandic engineering firm Mannvit and T.ark architects on the building’s design and construction.

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