Admiralty Arch to be transformed into luxury hotel

London's Admiralty Arch is to be transformed into a luxury hotel after being bought by Prime Investors Capital (PIC) for £60m on a 99-year lease.

Admiralty Arch will be transformed into a luxury hotel
Admiralty Arch will be transformed into a luxury hotel

It will be the second hotel in the capital for PIC, which earlier this year opened the 85-bedroom Bulgari hotel in Knightsbridge, which is managed by Marriott.

PIC was founded by Spanish businessman Rafael Serrano in 2009.

The sale of the Sir Aston Webb-designed landmark Grade I building, which stands on the south west corner of Trafalgar Square and provides an entrance to the Mall leading to Buckingham Palace, is part of a government initiative to sell underused official buildings.

It will be transformed into a landmark hotel, with the building remaining in the ultimate control of taxpayers, as the Government has retained the freehold of the property.

To restore the Grade-I listed building, PIC is working closely with English Heritage and Westminster City Council.

Serrano said: "We will deliver the very finest hotel for London, with an unrivalled history and location."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
London venues hosted 37% more events in 2018

London venues hosted 37% more events in 2018

Year-on-year increase from Unique Venues of London shows strong demand for events in the capital.

Why you should design human-centric experiences

Why you should design human-centric experiences

At EMEC19 in The Hague, Kim Myhre of MCI Experience gave an insightful talk on design-thinking in events.

New event producer for HGA

New event producer for HGA

Becky Jones-Williams has previously worked at Event Concept and will work for clients in a range of sectors.

Stagestruck adds event producer to team

Stagestruck adds event producer to team

Sarah Saward is joining the business as a group account director, with responsibility for a portfolio of blue-chip clients.

Incentive review: Club Med Plantation d'Albion

Incentive review: Club Med Plantation d'Albion

With dinner and champagne on a paradise beach, the white sands and the turquoise coral sea ocean of Mauritius are hard to beat.

Premier Events acquires Collective Minds

Premier Events acquires Collective Minds

Acquisition of Leicester-based events agency is part of growth plan to reach £5m turnover and 50 staff.

3 reasons to run wellness incentives

3 reasons to run wellness incentives

Endellion King, incentives account director at Top Banana, makes the business case for incorporating wellness into incentives.

'Procurement and events teams work best when they swap notes'

'Procurement and events teams work best when they swap notes'

Global procurement director of Knect365 Hetal Dassani talks to C&IT about how planners can build bridges for better buying.

ILEA members reveal 'shock' over Fyre Festival failings

ILEA members reveal 'shock' over Fyre Festival failings

Members of the International Live Events Association (ILEA) give their verdict on the event planning disaster of 2017, the Fyre Festival.

Case study: MAN's Apprentice of the Year Awards

Case study: MAN's Apprentice of the Year Awards

Venues and Events International organised an awards ceremony at Liverpool Football Club.

LATEST JOBS