New Luxury Hotels Set to Rise in London

The Financial Times is reporting that a new “super luxury” hotel in London's Square Mile will join a wave of upmarket hotels and homes being built in the capital after the City of London granted planning permission for the conversion of the former Port of London Authority headquarters at 10 Trinity Square.

The building, next to the Tower of London, will be redeveloped into a 120-bedroom hotel with 41 serviced apartments as well as a private members’ club, spa, two bars and a restaurant.

The development will be the latest branded residence earmarked for London, including Shangri-La at the Shard in London Bridge, which is nearing completion. These properties have luxury hotels  linked with high-end residential apartments.

Heron Plaza, owned by Gerald Ronson’s development group, is under way on Bishopsgate and will consist of a Four Seasons hotel and 120 branded residences. It is due for completion in 2015.

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The first phase of enhancements will include an expanded hydroponic farm, solar array and water treatment plant. Next is a new spa and golf course.