Filed under: Real Estate Developments
The brothers Candy would be getting a property with a lot of history. The building was once one of the largest private houses in Mayfair and the site was the home of the Duke of Westminster and the Grosvenor family. More recently the hotel's great room has been used for awards ceremonies and luxurious private functions.
Brothers Nicholas and Christian Candy made news here in the States a couple of weeks back when they faced foreclosure on the site of the former Robinsons-May on Wilshire Boulevard in Los Angeles. They had paid $500 million for the property in 2007 and had plans to create condos and a hotel. The property went back to lenders. it is expected that the property will be sold later but will likely not bring in nearly as much money.