London Trocadero Engages Aconex for Landmark Hotel Project

LONDON--(Marketwired - Apr 23, 2013) - Aconex, provider of the world's most widely used online project collaboration solutions for the construction, infrastructure, power, mining, and oil and gas industries, will service the building of a pod-style hotel in the London Trocadero entertainment and shopping center. The developer of this historic landmark project is London Trocadero Limited, a business unit of Criterion Capital Limited.

Built originally in the late 17^th century, the London Trocadero is located between Leicester Square and Piccadilly Circus in the city's West End. Inspired by the space-efficient 'capsule hotels' of Japan, the new development will upgrade the existing complex with 583 modular lodging pods measuring between 9 and 17 square meters each. Each pod will be equipped with a double bed, a 42-inch plasma-screen TV, Wi-Fi access, lighting and temperature controls, and access to an 'en suite' bathroom. The project, valued at £10 million, will also include a rooftop bar and restaurant. 

"The London Trocadero is an important lifestyle destination for U.K. residents and visitors alike, and the opportunity to provide innovative, affordable hotel accommodations on site is very timely," said Michael Hughes, head of development at Criterion Capital. "With Aconex, we'll be able to reduce project risk by controlling processes and information flow across the entire project team. Managing all tasks, documents and correspondence through a single, secure collaboration system will help us avoid bottlenecks that cause schedule delays and drive up costs."

Hughes added that Criterion Capital selected Aconex largely because of its decade of experience in delivering thousands of successful commercial construction projects. The firm was also attracted to the ease of learning and using the Aconex platform across different skill levels and the 'unlimited' commercial model of Aconex service delivery and support. The ability to track and report on project deliverables -- with a permanent audit trail for the resolution of conflicts among project team members -- was key to Criterion Capital's decision. 

"The London Trocadero is one of many project wins that we've had in the U.K. during the last year," said Hervé Hamelin, general manager of Europe, Middle East and Africa (EMEA) at Aconex. "It's a sophisticated market for construction technology -- and highly competitive. We're pleased to have established a strong working relationship with Criterion Capital and look forward to helping our client deliver high-quality results on schedule."

About Aconex
Aconex provides the world's most widely used Software-as-a-Service (SaaS) platform for managing information, processes and people throughout the lifecycle of construction and engineering projects across multiple industries. The Aconex suite of solutions -- secure, neutral and centralized -- enables owners, contractors and project managers to reduce the cost and risk inherent in capital projects of all sizes and improve efficiency, productivity and accountability for all project participants. Aconex has served projects valued at more than US$700 billion, with over 300,000 users. Clients include nine of the world's top ten engineering, procurement and construction (EPC/EPCM) firms, 23 of the 25 largest global design firms, and nearly all Fortune 500 construction and engineering firms. For more information and examples of Aconex in action, see www.aconex.com. Follow Aconex on Twitter at @aconex and on LinkedIn at www.linkedin.com/company/aconex.