LONDON – Oberoi Hotels & Resorts is moving into London
by the end of 2027 because of a deal between London-based property developer Grosvenor
and Oberoi’s EIH London Investments Ltd. to bring the Indian luxury hotel brand
to South Molton, in London’s Mayfair neighborhood.
The £500 million South Molton project encompasses plans for
a 267,000 sq. ft joint venture between Grosvenor and Mitsui Fudosan UK, which
will deliver office buildings on Brook Street and Davies Street, as well as housing,
cafes, shops, restaurants, community and leisure spaces, all set within a
rejuvenated public realm. The Oberoi hotel will be located on a prominent
corner at 40-46 Brook Street with work expected to commence in 2025.
Grosvenor secured planning permission for the restoration of
the 33,000 sq. ft Listed Building in 2022, as part of its wider South Molton
development. This landmark project, currently the West End’s largest mixed-use
development, will serve as a new gateway into Mayfair, drawing an estimated
£6.5 million of spend annually, 1,000 permanent jobs alongside 450 jobs and
apprenticeships during the construction phase.
“Our partnership with Grosvenor marks an important milestone
in our international growth,” said Arjun Oberoi, executive chairman of The
Oberoi Group. “London has always been a key market for our guests. We are
excited to bring our distinctive hospitality experience to the heart of London.
The Oberoi, Mayfair, will not only be a celebration of our brand at a prime
location, but also an opportunity to showcase our service excellence.”
JLL acted for Grosvenor, and EIH London Investments Ltd was
advised by Johnny Sandelson.
