De Niro’s London boutique hotel plans shelved

George Sell By George Sell
04 July 2018 | Updated 04 July 2018

UK: Robert De Niro’s London boutique hotel has been put on hold after concerns about its economic viability.

The 83-room Wellington Hotel project in Covent Garden was given planning consent in August 2016. It was a joint venture by De Niro with UK property firm Capco and America's BD Hotels.

But BD Hotels' Ira Drukier said "a changing economic picture" made the project "marginal", adding "if the economics were to change we would be very happy to move forward".

Capco said: "We have not reached satisfactory commercial terms with BD Hotels. The Wellington is a unique investment opportunity and we are reviewing our plans, which include proposals for office and retail space."

The property would have been the second joint venture between De Niro and BD Hotels - they also operate The Greenwich in Manhattan.

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