Work commenced on the 2.3-acre site in 2014, with contractor Colmore Tang Construction appointed to complete the £50 million scheme which was to include the addition of a steel-and-glass sky bar and restaurant to the roof of the existing building. The four-star hotel opened its doors to guests on Tuesday 29 March 2016. In March 2016, it was announced that former Ivy head chef Des McDonald would be opening a £3 million Japanese restaurant on the 16th floor of the Park Regis Hotel called Rofuto, the Japanese word for 'loft'. This was to sit alongside a sake and cocktail lounge named Kurabu. In October 2017 SevenCapital was granted permission to build a 17-storey, 228 bedroom luxury apartment development, named St Martin's Place adjacent to the Park Regis hotel. Completed in 2021, the development is Birmingham's first residence to offer residents hotel services. In 2014, developer SevenCapital announced that it had purchased No.1 Hagley Road, also known as Metropolitan House, with the intention to transform the John Madin-designed building into 271 apartments under the Government's permitted development rights. All of the apartments sold within five months of the developer purchasing the building. Construction was completed on the site in March 2016. In 2014, SevenCapital also purchased the Broadway building at Five Ways from the Glanmore Property Fund for £15 million, and has since redeveloped parts of the building into 250 apartments. References External links 1890 Ordnance Survey map of Five Ways Areas of Birmingham, West Midlands Five Ways Road junctions in England