News

Duke Of Westminster Evicts Army Reservists To Build Luxury Hotel

The Rifles Club, Mayfair
The Rifles Club, Mayfair

The new Duke of Westminster is taking on the Army reservists, deciding to evict them from their headquarters and develop a posh hotel in its place, the Telegraph reports.

For 140 years, reservists have been stationed at The Rifles Club in Mayfair, opened by the 1st Duke in 1890. The Duke leased the property to the Army for 99 years, later extended to 200 years. But now the Duke, who owns the property after his father’s death in August 2016, has entered negotiations to take back the building and build a luxury hotel in the heart of Mayfair.

The Duke is godfather to Prince George and is Britain’s youngest billionaire, inheriting the bulk of his father’s £8.3B fortune, including a property portfolio with 300 acres in Mayfair and Belgravia.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

Hilton's Q2 Results Barely Beat Wall Street's Expectations

Unite Looks To Reshape Student Portfolio After £417M First-Half Loss

The World Cup Filled Stadiums. Hotel Rooms Were A Different Story

Arada Pushes Forward £2.5B Docklands Scheme: The London Deal Sheet

The Crown Estate Unveils Nearly 170K SF Of West End Redevelopment

John Malone-Backed MHL Makes Its Biggest Deal In 10 Years

Risk-Averse Market Means This Retrofit Success Could Be A One-Off

JD.Com Buys £147M London HQ: The London Deal Sheet