Hotel in Aðalstræti
In January 2004 work began for the construction of a hotel on the corner of Aðalstræti and Tungata. The hotel shall be 3,700 square meters on four levels and shall have 89 bedrooms. In the basement of the hotel there will be an area of 1,200 square meters which is going to be utilized by the Reykjavík Town Council as an exhibition area covering the history of settlement in Iceland (from 9th & 10th centuries).