Planning permission granted for new luxury West End Hotel: Peninsula London

Hyde Park CornerJoint venture partners, Grosvenor and The Hongkong and Shanghai Hotels (HSH) Ltd, have been granted planning permission for their application to build a luxury hotel (the Peninsula London) and prime residential units at 1-5 Grosvenor Place. Volterra were brought on board to outline the economic case for the development which is expected to support over 2,000 jobs in the wider economy.  Partner Ellie Evans says “This represents a unique opportunity for London: HSH aim to operate one Peninsula hotel in every global city and have been looking for a suitable location in London for over 25 years. The development will help to retain and enhance London’s reputation as one of the world’s best cities to visit, ensuring that the Capital’s visitor economy continues to be an engine for UK growth.”  You can read more information about the venture here.

Image: Hyde Park Corner by S Pakhrin licensed under CC BY 2.0 

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