July 15, 2012 · 0 Comments
The Lalit Suri Hospitality Group is planning to open a high-end boutique hotel in London by the end of 2014. It has paid £15 million (around Rs 129 crore) to acquire a heritage building, which will be converted into a hotel. This is the third hotel property acquisition by an Indian company in London over the past two years. After Sahara’s Grosvenor House and Bird Group’s purchase of Royal Park Hotel, the Suri chain is about to realise its ‘long cherished dream’ of having ‘The Lalit, London’.
Located in the heart of London, near the city’s famous Tower Bridge, the group has bought the heritage building—St Olave’s—from Berkeley Homes. St Olave’s was a grammar school earlier. The company will start the restoration and development work to set up a 70-room luxury boutique hotel by early 2013 at an additional investment of £12-13 million (around Rs 112 crore). The company plans to open the hotel by the end of 2014.
“Experts from their respective fields have been commissioned for the project. The Lalit London is expected to attract significant corporate and leisure demand from all over the world,” said Jyotsna Suri, chairperson and managing director.