Singapore based Pan Pacific Hotels is planning to open its first European property in London, following the acquisition by parent company UOL Group of a prime site in Bishopsgate.
UOL Group purchased the Heron Plaza site in Bishopsgate, in the City of London, for US$ 162 million. Previously owned by property investment firm Heron International, the site already has permission for a 43-storey building.
The completed project will feature a 190-room hotel, as well as 109 apartments and retail. Four Seasons Hotels & Resorts was originally announced as the hotel operator when the project was granted planning approval three years ago. Four Seasons Hotels & Resorts already operate two hotels in London.
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