Bain Capital Special Situations and Orka Investments Limited confirmed that Park Lane Mews Estate has received planning permission to create a luxury lifestyle boutique hotel and prime residential building.
The hotel will feature 82 rooms and destination dining, including a signature restaurant, a vibrant lobby bar and cafe, 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 located within Mayfair, adjacent to Park Lane and steps away from Mayfair’s private members’ clubs, luxury retail stores and London’s Hyde and Green Parks.
The leading team assembled to oversee the large-scale refurbishment and rebuild programme includes AJ100 Architecture Practice of the Year 2023 Buckley Gray Yeoman, CIT, Albion Nord, London Structure Labs, Hoare Lea, Donald Insall Architects, Colour, Sweco, Pell Frischmann, GIA and Humble Arnold.
Rafael Coste Campos, Managing Director and Bain Capital Special Situations commented: “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. 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.”
Oskar Skoldberg, Co-Founder at Orka Investments, commented: “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, commented: “The opportunity to design and deliver a new hotel in Mayfair is a 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.”
Orka Investments and Bain Capital Special Situations have been supported by: CIT on construction and development management; Gardiner & Theobald on cost consultancy; DP9 on planning matters; Hamilton Pyramid on hotel operations and design; and Cascade on communications and stakeholder engagement.
