The Oberoi Group is to debut its first property in Europe with the development of 23 luxury serviced residences in London’s Mayfair.
Real estate firm Cain International has signed an agreement with Oberoi for the new scheme at 17-22 South Audley Street, in Mayfair, due for completion in 2022.
Cain International acquired the site in 2016 and plans also look set to include a small restaurant and refurbished retail space inside the Grade-II listed property.
The Oberoi Group was established in 1934 and owns and operates 33 five-star hotels and luxury resorts across India, Indonesia, Morocco, Mauritius, Egypt, Saudi Arabia and the UAE.
P.R.S. 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.”
Jonathan Goldstein, chief executive of Cain International said: “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. 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.”