Hotel chain Oberoi has entered into a partnership with Cain International, a private real estate investment firm operating in Europe and the US, for operation of 23 serviced residences in London’s Mayfair. With this deal, Oberoi Group makes a debut in Europe.

The partnership with Oberoi is for 17-22 South Audley Street, which Cain International acquired in 2016, a company statement said on Friday.

Constructed in 1845, but rebuilt to designs by architect Ernest George, who designed Southwark Bridge, the 48, 000 sq ft Grade II property is also set to house a small restaurant and refurbished retail space, it said.

This partnership is the latest addition to Cain International’s growing portfolio of luxury hospitality investments and loans across its target markets of the UK, Europe and the US.

The Group’s other partners include Six Senses, Waldorf Astoria, Hilton, Raffles Hotel & Residences, Aman Hotel & Residences, Rosewood Hotels and Soho House.

Currently, Oberoi Group operates 33 five-star hotels and luxury resorts across India, Indonesia, Morocco, Mauritius, Egypt, Saudi Arabia and the UAE.

Jonathan Goldstein, chief executive of Cain International, said: “With a reputation for exceptional service and guest experience, Oberoi is widely regarded as one of the very best in the hospitality industry. We are excited to be forging this new partnership that will see one of the world’s most authoritative brands on high-end service coming to Europe, and choosing London as the location for its debut.”

PRS Oberoi, executive chairman of The Oberoi Group said: “The iconic building in the heart of Mayfair is a perfect complement to an Oberoi branded property. We look forward to bringing Oberoi's distinct culture of personalized service and commitment to excellence in serving our guests on their next visit to London.”

Due for completion in 2022, the branded residences at South Audley Street will add another property in its portfolio in prime location.

First Published:May 9, 2020 12:13 AM IST