It appears that the
W Reykjavik is now less certain. The concert hall and conference center opens in May 2011, but
the hotel plans are getting reevaluated.
Construction plans include a 250-400 room, four-star hotel on the Austurbakki site, next to the Concert Hall and Conference Centre. Underground walkways will link the hotel to Harpa Concert and Conference Centre.
A decision has been made to negotiate with EFLA for consultancy services relating to the hotel. EFLA will bring together the site owners, interested financers, investors and operators for the planned hotel. It is anticipated that an announcement regarding investors and the hotel operator will be made late year 2010.
If everything goes as scheduled, a hotel will open adjacent to Harpa in May 2013.