Singapore Billionaire's Royal Group Taps Minor International To Run Heritage London Hotel [Yahoo! Finance]
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Source: Yahoo! Finance
Royal Group—controlled by Singaporean real estate billionaire Asok Kumar Hiranandani —has picked Minor Hotels, part of Thai hotelier William Heinecke 's Bangkok-based Minor International, to manage its first hotel in London 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 Mayf
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