A London property, which was once a royal residence and home to Prime Minister Lord Palmerston is to become London’s latest 5-star hotel.
94 Piccadilly, which has most recently been known as The In and Out Club, was bought in 2012 by the billionaire Reuben brothers, along with its adjacent buildings. They originally secured planning permission to turn the buildings into a mansion, but have now changed direction and intend to convert it into a 102-room hotel instead.
The Grade I and II listed properties, which are located opposite Green Park and Buckingham Palace, will feature suites that are larger than the average one-bedroom property. There are also plans for a huge 2,200 square foot ballroom. Serviced apartments are planned for the site too.
The Reuben brothers plan to try and restore and preserve the property, which has fallen into a state of disrepair.
94 Piccadilly was built between 1756 and 1764. Known as Cambridge House, it was built for the Earl of Egremont and designed by Matthew Brettingham.
After being home to Lord Palmerston, it was owned by the Naval and Military Club between 1865 and 1999. Bought by Simon Halabi in 1996, it was meant to be turned into a private members’ club and hotel but it ended up vacant and deteriorating. The properties are currently on Historic England’s At Risk Register due to their poor state.
Ranked third in the Sunday Times Rich List, the Reuben brothers are also working on a number of property development projects around the country. They bought a site in Knightsbridge at the beginning of May – an office block on which they are likely to raise the rents.
Plans for the hotel at 94 Piccadilly have been submitted to Westminster Council. If approved, it will mean the property is open to the public, even if it’s only a small subset of the public.
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Photo credits: F. Cinquepalmi, Spudgun67.