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Operation: Luxury

16.08.22

Global property consultancy JLL has secured St. Regis Hotels & Resorts as its operator for the iconic residential development, No.1 Palace Street, The St. Regis Residences, London. The luxury residential project, developed by Northacre Properties and backed by leading asset management and investment banking firm SHUAA Capital. The Project is a prime residential development in the exclusive SW1 postcode in central London, located opposite Buckingham Palace.

In 2021 the JLL hotels and hospitality team were brought onboard to source a branded operator. The team are leading experts specialising in matching operators and brands with hotels, resorts and residences, and over the last five years have advised clients on 200+ operatory and brand selection assignments worldwide.

Due to be completed over the coming months, No. 1 Palace Street, The St. Regis Residences, London includes a collection of 72 private residences comprising five different architectural styles. As one of London’s few ultra-luxury residential developments, the JLL hotels team sought to complement this by finding the best-in-class operator. After a targeted selection process, the St. Regis hotel brand, part of Marriott International, Inc. was selected and No.1 Palace Street will operate as their first St. Regis Residences in London. Residents will have access to luxury amenities, including valet parking, private residents' garden, a library, cinema, meeting room and a spa/wellness centre with a 20 metre swimming pool and gym.

Greg Childs, executive vice president of hotel development at JLL comments: “This was a hugely exciting project for the hotel team to work on in collaboration with the JLL residential team. Identifying a hotel operator that embodied all of the hallmarks of a world-class luxury residential development was essential and as a luxury brand in Marriott International’s global residential brand portfolio with a strong historical legacy of redefining the luxury hotel back in 1904, St. Regis made for the perfect choice for such a prestigious building.”

Oliver Gibson, director within prime London sales at JLL comments: “No.1 Palace Street, The St. Regis Residences is a unique prospect for the Victoria/Westminster area and this collaboration between Northacre Properties and St. Regis will facilitate a luxury lifestyle for residents, offering them access to an extensive range of on-site amenities 365 days a year. This unrivalled access to luxury service is increasingly sought after and we are thrilled to be able to offer it through such an exceptional historic development.”

No. 1 Palace Street, The St. Regis Residences are not owned, developed or sold by Marriott International, Inc. or its affiliates ("Marriott"). Palace Revive Development LTD uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein.

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