International luxury hotel brand Mandarin Oriental has unveiled plans to open a second hotel in London.
Described as “an intimate, boutique property”, the Mandarin Oriental Mayfair will have 50 guestrooms and suites, with a further 80 branded and serviced private residences located on the upper floors.
The property will have a fine-dining restaurant, a lobby lounge, a bar area and an exclusive rooftop bar and terrace overlooking Mayfair.
There will be an indoor swimming pool, spa and fitness centre, all of which will provide Mandarin Oriental’s “renowned wellness services”.
Owners of the private residences will also get in-residence dining, housekeeping, valet parking and a dedicated 24-hour residential concierge.
The development, due to open in 2021, will be based at Hanover Square, which is situated between Bond Street and Regent Street. Residents and guests will have access to super-fast rail connections across London and to Heathrow when the Bond Street Crossrail station, located on Hanover Square, opens in 2018.
The West End property will complement the Hong Kong-headquartered hospitality group’s well-established hotel in Knightsbridge, the Mandarin Oriental Hyde Park (main picture), which came to nationwide prominence earlier this year as the subject of Channel 4’s behind-the-scenes documentary, A Very British Hotel.
Of its current operating portfolio of over 30 luxury hotel across the world, it is only in Hong Kong where Mandarin currently operates more than one property.
“We are delighted to be opening a second Mandarin Oriental property in London, and look forward to extending the group’s legendary hospitality to another of the city’s most exclusive addresses,” said James Riley, group chief executive of Mandarin Oriental.
“Operating two complementary hotels in a single destination is something that the group has already done successfully in Hong Kong.”
The Mandarin Oriental group will oversee the management of the project, which is owned by Clivedale London and being designed by Rogers Stirk Harbour + Partners, the same architectural firm that drew up the plans for 122 Leadenhall Street (aka The Cheesegrater).
Clivedale London is the UK arm of Indian developer Indiabulls Real Estate, which bought 22-23 Hanover Square in 2014 in an auction from Scottish Widows Investment Partnership. The Indian developer bid £155 million for the asset.
“As a company, we share Mandarin Oriental’s unwavering commitment to quality and service, making this the perfect partnership,” said Clivedale London’s chief executive officer, Tarun Tyagi.
“Together we are setting a new precedent for architecture, design and lifestyle in a world-class location, and we look forward to bringing the best of both worlds to our discerning clientele – the comforts of a private home combined with Mandarin Oriental’s legendary hospitality.”
DealMakerz thinks this is another sign of the London property market’s resilience in a post-Brexit world.
It comes after the Reuben brothers revealed they were turning a former private members club in Piccadilly into one of London’s grandest hotels.
In defiance of economy and political uncertainty, the hotel market in the UK has performed strongly this year, proving it is still an attractive city for investors and developers.