Back in April, we reported that LuLu Group International—a Middle Eastern retail conglomerate—was in advanced talks to buy Scotland Yard, the original London home of the Metropolitan Police (from 1829 to 1890), and where the infamous Jack the Ripper case was investigated. The deal has gone through, and London-based developer Galliard Group is developing the property into a five-star hotel. New details out of London confirm that the luxe hotel will open in early 2017 after a large renovation of the historic building (£50m or $78 million).
The hotel will be managed by the Steigenberger Hotel Group. Facilities will include 233 guest rooms, two bars, a library, and restaurants, and there will be an estimated 250 staff.
As reported by The Guardian, this is “the latest in a series of property developments costing ever larger amounts which have fueled growing concerns of a property bubble.” Don O’Sullivan, managing director of Galliard, was quoted as saying: “The Great Scotland Yard Hotel will be a brand synonymous with exceptional service and refined luxury and quality.”