Luxury hotel to open by Tower of London

A new luxury hotel near the Tower of London is being planned following the £100 million purchase of 10 Trinity Square by a Far Eastern consortium.

The Grade II listed former Port of London Authority headquarters was bought from US property investor Thomas Enterprises by the Singapore-based investment firm KOP Properties and Beijing developers the Reignwood Group.

With plans to complete the conversion in time for the London 2012 Olympic Games, the hotel will be managed by Franklyn Hotels & Resorts, which already operates luxury London hotels The Cadogan and Durley House.

Built in 1922 by Sir Edwin Cooper, the building played host to the inaugural meeting of the General Assembly of the United Nations in 1946.

Ong Chih Ching, CEO of KOP Group, acknowledged this significance, saying: “We recognise that this is a historical place that is important to the British people, and we are committed to upgrade this monument to make it even more impressive.”

Speaking for acquisition partners Reignwood Group, chairman Yan Bin added: “We are pleased to be partnering KOP on this project, who share our vision of restoring the historic and magnificent 10 Trinity Square, to return it to being the premier address in London.”

Gabriel Savage, 14.12.2010