Real estate private equity firm Boscalt Hospitality has opened 11-room upscale hotel Hyde London City.
Located at 15 Old Bailey, the property was built in 1874 and was originally known as the Spiers & Pond Hotel. It was later converted to a serviced office building in the early 1900s. It has now been repositioned as an upscale hotel complete with a full-service restaurant bar.
Boscalt Hospitality is a member of the Edmond de Rothschild Private Equity partnership. Hyde Hotels, Resorts & Residences is a brand part of the operator Ennismore.
What they said
Boscalt co-founder Jaume Tapies said: “We are delighted to open the doors of the first Hyde hotel in Europe. It marks a significant milestone for Boscalt. With exciting times ahead, the London hospitality industry shows increasing fundamentals such as occupancy and average daily rate as well as overnights and arrivals. Our teams are committed to provide a unique experience to meet both high-end services as well as business traveller’s demand.”
François-Xavier Vucekovic, CIO of Edmond de Rothschild Private Equity added: “The Hyde London City is not only an investment but a landmark with high-end services. The opening of this property is a very important milestone and we are glad to share the news with all our partners and investors.”
Alex Shamash, founder of OB Capital added: “It is great to unveil the hotel, which is a true reflection of our commitment to bringing a new approach on luxury travel. This property blends cultures promising a memorable stay for both leisure and business travellers. Each detail has been designed to create a unique place that will resonate with the lively capital city of London.”