On the site of the Diamond on Wenceslas Square, there will be a hotel

Prague - A new hotel will be built on the site of the Diamant building at Prague's Wenceslas Square. Workers are currently demolishing the original retail and office building. The new construction is expected to have around a hundred rooms with double the number of beds, as stated on the website of the engineering company Rvs-max.
    The new building will be constructed according to the design of architect Petr Malinský. The ground floor with entrances and the first floor with a restaurant will be glazed with a three-dimensional division of individual panels made of clear glass with golden frames. "This decorative element provides material continuity with the surrounding architecture of Wenceslas Square and Příkop," it is stated on the website.
    From the second floor, the facade will be made of roughly processed artificial stone, from which French windows will protrude. A traditional sign reading Diamant will be placed on the roof extension. The project plans for a direct entrance from the hotel to the metro.
    The building between the Koruna Palace and the Ambassador Hotel is scheduled to have two underground and six above-ground floors, according to the website. The investor is Duha Property.