Admiralty Arch, the iconic monument regarded as the gatehouse to Buckingham Palace, will be home to a new Waldorf Astoria hotel by 2022.
The 96-room Hilton managed hotel, which is to take up part of the property, will sit alongside a private members club and residences. Plans for the site also include a rooftop bar, three restaurants and a spa.
Admiralty Arch, commissioned by King Edward VII in memory of Queen Victoria, once served as office space for the Royal Navy, including Sir Winston Churchill when he served as First Sea Lord of the Admiralty.
The property was owned by the Government until 2012, when it was sold to Spanish investor Rafael Serrano, as part of wave of property sales to help cut costs. Prime Investors Capital (led by Rafael Serrano) bought the 250-year lease of the property in 2015, when efforts got underway to transform the building. The redesign is expected to cost as much as £135 million. The work has been focused on restoring the original features of the property, with the design team led by Michael Blair and David Mlinaric, who have worked on The Ritz, The Royal Opera House and Claridge’s hotel.
Prime Investors Capital owns the Bvlgari Hotel & Residences London.
Waldorf Astoria is the luxury brand of Hilton Worldwide.
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