Singapore Billionaire’s Royal Group Taps Minor International To Run Heritage London Hotel [Forbes]
MINOR INTL PCL UNSP/ADR (MNILY)
NASDAQ:AMEX Investor Relations:
minorinternational.com/news/press.php
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Source: Forbes
Last year, Singapore-based Royal Group bought the former NatWest Bank (formerly Westminster Bank) building on Piccadilly in Central London's Mayfair precinct for £65 million and earmarked another £45 million to transform the century-old heritage property into a luxury boutique hotel with 50 suites across six floors. “We view this project as a meaningful contribution to the continued renaissance of Mayfair and the wider West End,” Bobby Hiranandani, co-chairman of Royal Group, said in a statement . “By reactivating a distinguished heritage building on Piccadilly, we are not only preserving its legacy, but also introducing a thoughtfully curated hospitality experience that will enhance the character, energy and global appeal of the precinct.” The WestDill Mayfair Hotel London, the Royal Group's first venture in Europe, will open in the fourth quarter of this year and operate under Minor Hotels' Colbert Collection, which draws inspiration from the convivial atmosphere of Parisian bo
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