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The Oberoi Group is set to debut its first European property with the operation of 23 serviced residences in Mayfair, London.
Real estate firm Cain International announced it has signed an agreement with the hotel group for the new scheme set to be completed in 2022.
Cairn International acquired the site in 2016, and is set to house a small restaurant and refurbished retail space.
This partnership is the latest addition to Cairn International’s growing portfolio of luxury hospitality investments and loans across its target markets of the UK, Europe and the US. This includes partners such as Six Senses, Waldorf Astoria, Hilton, Raffles Hotel and Residences, Aman Hotel and Residences, Rosewood Hotels and Soho House.
Jonathan Goldstein, chief executive of Cain International said: “With a reputation for exceptional service and guest experience, Oberoi is widely regarded as one of the very best in the hospitality industry.
“We are excited to be forging this new partnership, that will see one of the world’s most authoritative brands on high-end service coming to Europe, and choosing London as the location for its debut.”
He added: “Despite current circumstances, we remain confident in the role of strong hospitality brands and in the demand for their services once we have emerged from this crisis.”
Prithvi Raj Singh Oberoi, executive chairman of the Oberoi Group said: “We are excited to bring The Oberoi brand to London in partnership with Cain International. The iconic building in the heart of Mayfair is a perfect complement to an Oberoi branded property.
“We look forward to bringing Oberoi’s distinct culture of personalised service and commitment to excellence in serving our guests on their next visit to London.”
