Singaporean CDL to turn Knightsbridge Car Park into Luxury Hotel

Main Photo: The proposed new hotel – imagined

Date: January 2020

Location: Pavilion Road, close to Harrods, Knightsbridge, London, UK

Name: TBA

No. of Keys: 120

Seller: TBA

CDL, through its wholly-owned subsidiary Beaumont Properties Limited, represented in the UK by Dartmouth Capital Advisors Limited, originally received consent for 34 two-bed apartments,  at 28 Pavilion Road, London, SW1 in August 2016, in plans for luxury care home development.

Buyer: Real estate company City Developments Limited (CDL), the owners of Millennium & Copthorne Hotels, has now been granted planning permission to build a luxury hotel on the site of the Pavilion Road car park in Knightsbridge.

The 120-room property will be designed by Tim Hamilton of Hamilton Architects.

It will have eight floors above ground and three below ground, while the £300 million development will add 2,100 sqm of retail space, a spa and accommodation.

Singapore-listed CDL owns the Pavilion Road car park through its wholly-owned subsidiary Beaumont Properties. The multi-storey has previously been called London’s most expensive car park.

CDL also owns Millennium and Copthorne Hotels, operator of the new Biltmore Mayfair and owners of Millennium Hotel Knighstbridge, just around the corner.

The head of Dartmouth Capital Advisors, which is advising CDL on the development, told The Caterer that reports the property would be the first Harrods-branded hotel were “premature” and Harrods has denied the possibility.

Say Kwek Leng Beng, chairman of CDL, said: “This site offers CDL one of the best opportunities to develop an outstanding hotel in one of the prime locations in central London.

“We are tremendously excited by this and the value it will bring to our London portfolio and our valued clients.

“London is the most popular tourist destination in the world, attracting around 30 million visitors every year from all over the world.”

Rumoured Investment: £300m, to include the hotel, 2,100 sqm of retail space and 1,100 sqm health club.

Price per Key: Possibly £2.5m!

THPT Comment: The interesting thing will be does Kwek Leng Beng brand this under Millennium Hotels, or perhaps Hilton’s Biltmore brand?

First Seen: Business Traveller

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