John Longden, Greenalls property director, said it had been a complex process to reach agreement on the joint venture.
BBC: News | The Company File | Tube station hotels plan
2.
Greenalls has shifted its investment towards its De Vere Hotels and health and fitness business, both of which were reported to have been trading well.
BBC: News | The Company File | Tube station hotels plan
3.
Greenalls shares have fallen more than 35% during the past year.
BBC: News | The Company File | Tube station hotels plan