Billed as a ‘social enterprise hotel’, Green Rooms is aiming to tackle the issue of creatives being priced out of London by spiralling rents.
Rooms will cost from £18 per night for dormitory beds, double rooms and long-stay apartments.
It is the brainchild of social entrepreneur Nick Hartwright and former Hoxton Hotel owner Kurt Bredenbeck, and has received backing from the Clearly Social Angels (ClearlySo) investors network alongside the Greater London Authority.
Clearlyso said the project would ‘stand apart in a world of big chain and formulaic hotels’ by challenging problems created by the capital’s dwindling arts funding.
Green Room's restaurant will offer rent-free residencies to a rotating roster of street food traders, designed to act as a ‘supportive training ground’ for chefs.
It will also run both an artist-in-residence programme and an ‘insiders scheme’ providing discounts and previews across restaurants and cultural venues across London.
Bredenbeck said: “In a corporate world filled with the bland, the boring, the monopolistic and the mundane, Green Rooms is the real thing – authentic, innovative, and grounded in the local community.”
The four-storey art-deco hotel will open in the former North Metropolitan Power and Electricity Company building opposite Wood Green tube station.