Pan Pacific Hotel to open in London first property in Europe
Singapore based Pan Pacific Hotels is planning to open its first European property in London, following the acquisition by parent company UOL Group of a prime site in Bishopsgate.
UOL Group purchased the Heron Plaza site in Bishopsgate, in the City of London, for US$ 162 million. Previously owned by property investment firm Heron International, the site already has permission for a 43-storey building.
The completed project will feature a 190-room hotel, as well as 109 apartments and retail. Four Seasons Hotels & Resorts was originally announced as the hotel operator when the project was granted planning approval three years ago. Four Seasons Hotels & Resorts already operate two hotels in London.