Plans are underway to convert a listed building on Piccadilly into a luxury all-suite hotel.
Royal Group acquired the building for £65 million, with an additional £45 million planned for renovations.
A former Natwest Bank in Mayfair is set to become a 50-suite boutique hotel, pending approval.
Ritchie Design Partners will design the hotel, projected for completion by the end of 2026.
Asok Kumar Hiranandani aims for room rates to reach £1,000 a night, aligning with high-end competitors like The Ritz London.
