Westminster City Council has green-lit plans for the 190-room hotel to be constructed at 1-5 Grosvenor Place, Belgravia after plans were submitted in July.
The new hotel will replace the existing 1950s and 1960s offices and will be designed by Hopkins Architects. It will include a spa, shops, bars, restaurants and a ballroom, with construction to begin in summer 2017 and completed in 2021.
Peter Vernon, chief executive officer at Grosvenor, described the approval as an ‘excellent’ opportunity to shape that part of London.
“The Peninsula London is an example of the long-term thinking and high-quality design required to maintain London’s status as a global city. The scheme will support thousands of jobs and brings tens of millions of pounds to the West End economy,” he said.
“The Peninsula London also provides a chance to improve the surrounding realm by widening pavements, planting more trees and providing easier road crossings. It is a major milestone in our efforts to improve Belgravia as a place to visit, live and work.”
Clement Kwok, managing director and chief executive officer at HSH, said: “We are delighted that Westminster City Council’s planning committee has resolved to grant planning consent for the development of The Peninsula London. London is one of the world’s most dynamic capital cities and we are excited to move another step closer to introducing The Peninsula brand to London together with our partner, Grosvenor.
“This hotel has been designed to align with our group’s philosophy of developing a small number of the world’s best hotels in exceptional locations, while respecting the history and heritage of the local area. We are very optimistic for the long-term future of London as a business and tourism destination.”