Bain Capital Special Situations and Orka Investments Limited have confirmed that Park Lane Mews Estate has received planning permission to create a luxury lifestyle boutique hotel and prime residential building.
The upcoming hotel will feature 82 rooms and destination dining, including a signature restaurant, a vibrant lobby bar and café and a private members’ space. Alongside the hotel, the space will deliver 16 luxury residences across two elegantly restored Hertford Street townhouses.
The site is set to be located within Mayfair, adjacent to Park Land and steps away from Mayfair’s private members’ clubs, luxury retail stores and London’s Hyde and Green Parks.
Rafael Coste Campos, Managing Director and Bain Capital Special Situations commented: “Our expertise in the UK hospitality industry and focus on sustainability has 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. 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 to invest alongside best-in-class partners to deliver a high-quality product that is sympathetic to its locale.”
