A new arts hotel aimed at actors and creatives is opening in London’s Wood Green. And the best part? It’s completely affordable.

The North London Borough of Haringey is undergoing a rapid transformation. So far £4.2million has been spent to improve the Wood Green area, from reinvigorating the high street to working on a cross-rail 2 line that will make travelling into central London both quicker and easier.

This rejuvenation is set to continue with the launch of the Green Rooms Hotel, a completely new concept that will provide artists and those working in the creative sector with affordable accommodation without sacrificing on quality. After the successful launch of The Mill Co. in 2010, Nick Hartwright has expanded on his accessible workspace idea acknowledging the importance for artists to have a space where they can both work and rest.

We set out to create something completely new and different with Green Rooms, and I believe we’ve done that – this is the UK’s first hotel social enterprise,” said Nick of the project.

Housed in an art deco building the hotel will provide a unique experience for those looking for an affordable alternative to central London hotels, offering 22 double bedrooms, two studio apartments and dormitories, as well as a lively social bar, restaurant and all important exhibition spaces, furnished by fashion label Folk, who are in the process of launching their first homeware collection.

The exhibition spaces will play host to artists in residence, supporting both local artists and upcoming talent promoted by Somerset House, Royal Court Theatre and The British Council who will use also the hotel for performances, screenings and rehearsals.

We’re very confident that artists, creative style enthusiasts and the wider local community will love staying at Green Rooms,” said Nick. “It’s going to be an exciting, inclusive and accessible creative environment, and we can’t wait to open our doors.

The hotel will open to the public on May 19. Prices start from £18.