Volterra provides economic assessment for new luxury West End Hotel: Peninsula London

64791732_7795207516_zVolterra supported the joint venture partners, Grosvenor and The Hongkong and Shanghai Hotels (HSH) Ltd in their application to build a luxury hotel (the Peninsula London) and prime residential units at 1-5 Grosvenor Place. The new building will replace the existing 1960s offices at the site. 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. Volterra Partner Ellie Evans says “This represents a unique opportunity for London: the hotel will be one of its kind here in London. The development will support around 2,800 jobs in the wider economy, and it 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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