London’s Park Lane Mews set for boutique hotel conversion

UK: Global team of investors Bain Capital Special Situations and investment advisory firm Orka Investments Limited have received planning permission to convert the Park Lane Mews Estate in London into a boutique hotel.

The project in Mayfair will see the development of an 82-room luxury lifestyle boutique hotel as well as 16 luxury residences adjacent to the property. 

East London-based architecture and interior design firm Buckley Gray Yeoman has been appointed to deliver the hotel. Work includes transforming two townhouses located on Hertford Street into residential accommodation. The hotel will also feature a restaurant, lobby bar and cafe, and a private members’ space.

Bain Capital and Orka acquired the site 2021 supported by a debt finance facility from OakNorth Bank.

Rafael Coste Campos, managing director at Bain Capital Special Situations, said: “Our expertise in the UK hospitality industry and focus on sustainability have guided our plans for Park Lane Mews to create a world-class, energy-efficient hotel. With guidance from the forward-thinking approach of Buckley Gray Yeoman architects, we are aiming for a BREEAM Excellent rating by retaining and refurbishing much of the existing building.”

He added: “We are strong believers in the London prime residential and hospitality market’s fundamentals on the back of resilient demand and constrained supply, and it remains at the forefront of our European real estate strategy. This is another opportunity for us invest alongside best-in-class partners to deliver a high-quality product that is sympathetic to its locale.”

Oskar Sköldberg, co-founder of Orka Investments, said: “Having purchased the site in 2021, we are immensely proud to repurpose an important element of London history. We are delighted that Westminster Council shares our enthusiasm by approving our vision and we look forward to delivering a significant investment that breathes new life into this corner of Mayfair.”

Timothy Shepherd, managing director at Buckley Gray Yeoman, added: “The opportunity to design and deliver a new hotel in Mayfair is rare and privileged one. We have approached the design with care and attention to detail to ensure it blends into the fabric of Mayfair society with effortless style. We envision the hotel becoming a classic within the London hotel market whilst demonstrating how retaining and restoring properties and constructing new buildings, where necessary, can unify sensitive and exceptional parts of London.”

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