Monday 9 December 2019

#UAE's Lulu takes UK investments to nearly $400m as London hotel opens - Arabianbusiness

UAE's Lulu takes UK investments to nearly $400m as London hotel opens - Arabianbusiness:

Twenty14 Holdings, the hospitality investment arm of UAE-based Lulu Group International has completed investments of £300 million ($394 million) in the UK, with the inauguration of the Great Scotland Yard hotel in London.

The hotel opened for business on Monday and the historic property was acquired in 2015. In addition to the Great Scotland Yard, Twenty14 Holdings acquired the celebrated Waldorf Astoria Edinburgh – The Caledonian in Scotland in 2018.

The Great Scotland Yard Hotel, which is being managed by Hyatt under their The Unbound Collection by Hyatt brand, is located in the St James’s district of Westminster.

The Great Scotland Yard was once a dwelling for visiting Kings of Scotland during the Tudor period, while today the building is most famous as the former headquarters of the London Metropolitan Police force. In 1910, the building served as the British Army Recruitment Office and Royal Military Police headquarters.

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