The Hongkong and Shanghai Hotels has begun construction of The Peninsula London, adding another alpha city location to the brand’s portfolio counting New York City, Tokyo and Paris.
The hotel will occupy a site looking out to iconic London attractions – Hyde Park Corner and the Wellington Arch – and comprise a 190-room hotel plus 24-28 luxury residential apartments, with opening currently scheduled for 2021.
As part of the project, the owners will also provide affordable housing located at Buckingham Palace Road in Westminster. The project is expected to support over 2,000 jobs and deliver additional expenditure of £60 million (US$78.9 million) to the London economy annually.
