The Piccadilly Hotel
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The Piccadilly Hotel
The Dilly Hotel is a historic 5-star hotel located at 21 Piccadilly in London, England. History The hotel opened in 1908 as The Piccadilly Hotel. It was bought by Le Méridien in 1986 and renamed Le Méridien Piccadilly. In 2010, Starman Hotels, a joint venture between Starwood Capital Group and Lehman Brothers, sold the hotel for £64 million to Host Hotels & Resorts Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of February 19, 2021, the company owned 80 upscale hotels containing approximately 46,500 rooms in the United States, Brazil, and Canada. History I ..., Dutch pension fund APG and Singaporean sovereign wealth fund GIC. In 2019, APG and GIC bought out Host's share, forming Archer Hotel Capital. The hotel left Marriott on November 26, 2020 and was renamed The Dilly Hotel. In 2022, Archer Hotel Capital sold the hotel to Israel-based Fattal Hotels, which announced plans for a £90 million renovation to reposition ...
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Piccadilly
Piccadilly () is a road in the City of Westminster, London, to the south of Mayfair, between Hyde Park Corner in the west and Piccadilly Circus in the east. It is part of the A4 road that connects central London to Hammersmith, Earl's Court, Heathrow Airport and the M4 motorway westward. St James's is to the south of the eastern section, while the western section is built up only on the northern side. Piccadilly is just under in length, and it is one of the widest and straightest streets in central London. The street has been a main thoroughfare since at least medieval times, and in the Middle Ages was known as "the road to Reading" or "the way from Colnbrook". Around 1611 or 1612, a Robert Baker acquired land in the area, and prospered by making and selling piccadills. Shortly after purchasing the land, he enclosed it and erected several dwellings, including his home, Pikadilly Hall. What is now Piccadilly was named Portugal Street in 1663 after Catherine of Braganza, wif ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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Richard Norman Shaw
Richard Norman Shaw RA (7 May 1831 – 17 November 1912), also known as Norman Shaw, was a British architect who worked from the 1870s to the 1900s, known for his country houses and for commercial buildings. He is considered to be among the greatest of British architects; his influence on architectural style was strongest in the 1880s and 1890s. Early life and education Shaw was born 7 May 1831 in Edinburgh, the sixth and last child of William Shaw (1780–1833), an Irish Protestant and army officer, and Elizabeth née Brown (1785–1883), from a family of successful Edinburgh lawyers. William Shaw died 2 years after his son's birth, leaving debts. Two of Shaw's siblings died young and a third in early adulthood. The family lived first in Annandale Street and then Haddington Place. Richard was educated at an academy for languages, located at 3 and 5 Hill Street Edinburgh until c.1842, then had one year of formal schooling in Newcastle, followed by being taught by his sister J ...
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Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and En-suite, en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually Room number, numbered (or named in some smaller hotels and Bed and breakfast, B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part ...
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Le Méridien
Le Méridien is an upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming rooms. History Air France established Meridien Hotels in 1972. The chain's hotels offered accommodation for Air France flight crews in major hub cities, and the airline promoted the chain and handled reservations for it. The first Meridien Hotels property was a 1,000-room hotel in the heart of Paris, the Hotel Meridien Paris, today known as Le Méridien Etoile. The chain grew to 10 hotels in Europe and Africa within two years and had 21 hotels spanning the globe within six years. In 1994, as part of a cost-cutting measure, Air France sold its controlling interest in Meridien Hotels Inc., a 57.3% stake, to the UK-based Forte Group ...
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Starwood Capital Group
Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners. History In 1991, at the age of 31, Sternlicht launched the firm to buy apartment buildings that were being sold by the Resolution Trust Corporation, created by the federal government to hold and liquidate the real estate assets owned by failed banks after the savings and loan crisis. Sternlicht raised $20 million from the families of William Bernard Ziff Jr. and Carter Burden of New York to fund these purchases. In 1993, the company contributed the apartment portfolio to Sam Zell's Equity Residential in exchange for a 20% stake in the company. In 1994, in partnership with Goldman Sachs, the company purchased Westin Hotels & Resorts in a $561 million transaction. In January 1995, Starwood purchased Hotel Investors Trust, an almost-bank ...
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Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before Bankruptcy of Lehman Brothers, filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill (company), Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, Stock, equity, Bond (finance), fixed-income and Derivative (finance), derivatives sales and stock trading, trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11, Title 11, United States Code, Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehm ...
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Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. As of February 19, 2021, the company owned 80 upscale hotels containing approximately 46,500 rooms in the United States, Brazil, and Canada. History In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company later expanded to various hospitality services, including hotels. After several name and business changes it became the Host International Company in 1968. It was acquired by Marriott Corporation in 1982. In 1995, Marriott divided its business into two companies, naming one Host Marriott. The company continued to manage travel concessions at airports and along turnpikes and interstate highways. These concession businesses were further spun off as Host Marriott Services, or HMSHost. After divesting its non-hotel business and reorganizing as a real est ...
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APG (pension Fund)
APG ( nl, Algemene Pensioen Groep) is a Dutch pension investment company based in the Netherlands. It is a direct subsidiary of Stichting Pensioenfonds ABP, the largest pension fund in the Netherlands. History APG was established on 1 March 2008 as an independent administration organization of Stichting Pensioenfonds ABP. In the same year, it merged with Cordares, which carried out pension administration for bpfBOUW (The Foundation for the Construction Industry Pension Fund). Overview APG manages investments for various pension funds in the Netherlands. It has three subsidiaries which are: * APG Rechtenbeheer (management advice, pension administration and pension communication) * APG Asset Management * APG Diensten (in-house service provider) APG has offices in Amsterdam, Heerlen, Brussels, New York, and Hong Kong as well as satellite sites in Beijing and Shanghai. Notable transactions * In 2010, APG and CPPIB each purchased a 25% shareholding in Westfield Stratford City ...
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GIC (Singaporean Sovereign Wealth Fund)
GIC Private Limited is a sovereign wealth fund in Singapore that manages its foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, its mission is to preserve and enhance the international purchasing power of the reserves with the aim of achieving good long-term returns above global inflation over the investment time horizon. With a network of 10 offices in key financial capitals worldwide, GIC invests internationally in developed market equities, emerging market equities, nominal bonds and cash, inflation-linked bonds, private equity and real estate. The Sovereign Wealth Fund Institute (SWFI) had estimated the fund's assets at US$690 billion as of June 2022 while Forbes estimated the fund's assets at US$744 billion after legislation were passed to transfer about USD137b from the central bank. Besides GIC, Singapore also owns another sovereign wealth fund Temasek Holdings with managed assets at about ...
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Piccadilly Hotel 04
Piccadilly () is a road in the City of Westminster, London, to the south of Mayfair, between Hyde Park Corner in the west and Piccadilly Circus in the east. It is part of the A4 road that connects central London to Hammersmith, Earl's Court, Heathrow Airport and the M4 motorway westward. St James's is to the south of the eastern section, while the western section is built up only on the northern side. Piccadilly is just under in length, and it is one of the widest and straightest streets in central London. The street has been a main thoroughfare since at least medieval times, and in the Middle Ages was known as "the road to Reading" or "the way from Colnbrook". Around 1611 or 1612, a Robert Baker acquired land in the area, and prospered by making and selling piccadills. Shortly after purchasing the land, he enclosed it and erected several dwellings, including his home, Pikadilly Hall. What is now Piccadilly was named Portugal Street in 1663 after Catherine of Braganza, wife ...
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