Monday, November 11, 2024
Luxury hospitality group Oberoi Hotels & Resorts is set to open its first hotel in London's prestigious Mayfair district, marking a significant milestone in the company's international growth.
A new hotel is planned as a key component of Grosvenor's revitalized South Molton project, which will encompass various amenities such as offices, residential units, eateries, stores, and recreational facilities.
On-site construction began in November 2023, with a projected timeline indicating that all development phases will be completed by December 31st, 2027; this ambitious undertaking is expected to yield an estimated £6.5 million of annual expenditure and result in the creation of approximately 1,000 permanent job positions upon project completion.