Hollywood actor Robert De Niro’s plans for a new boutique hotel in London’s Covent Garden have been shelved, after developers reassessed the viability of the project.
The star, whose film portfolio include the Godfather and Meet the Parents, was bidding to create a new 83-bedroom Wellington Hotel with spa, members’ club and restaurant after winning planning permission two years ago.
He would be operator of the new venture alongside BD Hotels, and would mark the partnership’s second joint venture; they also run The Greenwich in Manhattan.
But now it’s been confirmed that the duo will no longer be going ahead with the project and the proposed development plan was to be reviewed.
Speaking to the Evening Standard, BD Hotels said that a ‘changing economic picture’ made the project ‘marginal’.
The hotel was due to be situated on the Strand side of Covent Garden across six Victorian buildings.
Commenting to the Evening Standard, Covent Garden’s main landlord, property firm Capco, said: “We have not reached satisfactory commercial terms with BD Hotels. The Wellington is a unique investment opportunity and we are reviewing our plans, which include proposals for office and retail space.”