The Lanesborough hotel in London, owned by the Abu Dhabi Investment Authority, is auctioning off its furniture, silken drapes and chandeliers as the quintessential hotel prepares for a makeover. Courtesy Starwood Hotels and Resorts
The Lanesborough hotel in London, owned by the Abu Dhabi Investment Authority, is auctioning off its furniture, silken drapes and chandeliers as the quintessential hotel prepares for a makeover. CourtShow more

Dawn of a new era for London hotel owned by the UAE



LONDON // In a discreet side room of the genteel Lanesborough hotel at London’s Hyde Park Corner, fixtures, fittings and furnishings are being sold at a pace of 600 or more lots a day.

The interiors of the hotel owned by the Abu Dhabi Investment Authority are being auctioned ahead of its temporary closure for a complete refurbishment of the building.

The Lanesborough is a masterpiece of Regency-era London and a landmark that begins Park Lane’s parade of upmarket hotels.

It has also been the embodiment of discretion, its customers – celebrities, royalty and wealthy Arabs and Russians – have cherished the strict no-cameras policy and 24-hour butler service.

As the faux-Regency furniture, silken drapes and splendid chandeliers are sold, only those guests who have peeked curiously into the auction room have any idea of the immense changes about to be made to their favourite London bolthole.

Like the lots on sale, the auction attendees are a mixed bag, though most have a rather gentlemanly air – certainly not the hard-eyed second-hand dealers one might expect at a sale of hotel furniture. There are a good number of Barbour jackets and cashmere scarves on this cold day.

That’s because this is not just any hotel furniture. The 93 guest rooms include 43 extravagant suites, private dining rooms and public rooms such as The Library Bar and the Michelin-starred Apsley’s Restaurant. Among the standard hotel fittings – digital room safes, umbrella stands and luggage racks – are some real treasures.

The William IV and Empire-style furniture, though reproduced, was handcrafted and the immense carpets and rugs were custom-woven.

The oil paintings that were dotted around the hotel included some beautiful original works dating from the 17th century. There was also a mural by Simon Casson.

In Apsley’s, the crystal chandeliers are spectacular artefacts of Art Deco design.

The refurbishment is not to be a wholesale removal of original features in this grand building. The Lanesborough was built in 1822 as a hospital and, although it is now one of London’s most established hotels, it was only opened as such in 1991. It is operated by St Regis hotels.

Replacing the elegant but slightly fusty Regency look will be a design scheme by the late interior designer Alberto Pinto, who died in 2012 at the age of 69.

The Casablanca-born and Paris-based Pinto's plans for the Lanesborough honoured the historical architecture but were to introduce the technological innovations expected as standard in five-star establishments.

Geoffrey Gelardi, the managing director of the Lanesborough, welcomed the refurbishment.

“Through Alberto Pinto’s talent and vision combined with the latest innovations, we will undoubtedly reaffirm ourselves as one of the most distinguished and luxurious hotels in the world. We look forward to unveiling a new era for the Lanesborough,” he said.

The sale of the 3,000 lots concludes on Friday and the hotel is to close its doors on December 20, after which all the purchases can be taken away.

The all-new Lanesborough is expected to reopen in the final quarter of 2014.

For information on the sale, visit www.thelanesboroughsale.com

newsdesk@thenational.ae

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Two-step truce

The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.

By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National. 

The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.

The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.

The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.

The specs

Engine: 1.4-litre 4-cylinder turbo

Power: 180hp at 5,500rpm

Torque: 250Nm at 3,00rpm

Transmission: 5-speed sequential auto

Price: From Dh139,995

On sale: now

Ronaldo's record at Man Utd

Seasons 2003/04 - 2008/09

Appearances 230

Goals 115

MATCH INFO

Kolkata Knight Riders 245/6 (20 ovs)
Kings XI Punjab 214/8 (20 ovs)

Kolkata won by 31 runs

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Scoreline

Al Wasl 1 (Caio Canedo 90 1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

COMPANY PROFILE

Name: Grubtech

Founders: Mohamed Al Fayed and Mohammed Hammedi

Launched: October 2019

Employees: 50

Financing stage: Seed round (raised $2 million)