Real estate investment company, Cain International, has signed an agreement with luxury hotel operator, the Oberoi Group, to operate 23 serviced residences in Mayfair, west London.
Oberoi currently operate 32 hotels around the world. The serviced residences in Mayfair will be the hotel group’s first European venture.
The site is a 48,000 sq-ft Grade II-listed property in South Audley Street dating from 1845. The residences will also feature retail space and a small restaurant. They are due for completion in 2022.