Marriott in Partnership With Gulf Islamic Investments To Develop First Autograph Collection Residences in London’s Chelsea
Main Photo: The exterior of The Lucan – imagined
Date: August 2022
Name: The Lucan, Autograph Collection Residences – to open 2024
Location: Off Kings Road, Chelsea, London, England, UK
Number of Keys: 31 residences comprising a mix of one, two and three bedrooms, as well as a penthouse apartment
Seller: TBA
Buyer: Gulf Islamic Investments (GII), headed up by Mohammed Alhassan and Pankaj Gupta, co-CEOs.
Marriott International and Gulf Islamic Investments (GII), a global investment company with more than $3 billion of assets under management, have partnered on the development of The Lucan, Autograph Collection Residences in London’s Chelsea district. The first residential unit for the Autograph Collection brand will be managed by Marriott.
The seven-floor, 31-residence property is projected for completion in 2024, with a show home available before then. The collection of 31 distinctive residences will exhibit architecture influenced by the culture and character of Chelsea, with unique stylish finishes emblematic of Autograph Collection Hotels.
In a joint statement, Mohammed Alhassan and Pankaj Gupta, co-CEOs, GII, said, “The Lucan represents a pivotal project for GII, marking our first foray as both investor and developer. Our intention is to deliver a boutique development that not only offers an exceptional quality of life, but one that matches the highest international standards for luxury lifestyle real estate. It is truly an honor to work with Marriott International, whose reputation for operational excellence and legendary service will bring world-class standards to discerning residents of The Lucan and validate the iconic real estate proposition that GII originally identified in one of London’s most prominent and sought-after neighborhoods.”
GII have a diverse busines ranging from Logistics, food distribution, real-estate across the commercial, industrial and residential classes, with $1.6bn AUM. They have strong belief in operating as shari’ah compliant. Their businesses are in the USA, UK, Germany, France as well as their home base in the UAE
Jaidev Menezes, regional VP, mixed-use development, EMEA, Marriott International said, “We are thrilled to announce The Lucan as our first standalone Autograph Collection Residences globally and equally delighted to be working with GII on one of their flagship assets in Europe. This agreement is a testament to the confidence that GII has in Marriott International, and we are excited to play a meaningful role in GII’s vision for The Lucan. Through this collaboration, we look forward to delivering an exclusive lifestyle that is distinctive and unmatched in London.”
The Lucan will be designed by architectural firm Kohn Pedersen Fox Associates (KPF) and will feature amenities including a 24-hour concierge, a gym, porter services and perks through Marriott Bonvoy travel program. Residences consist of one, two and three beds ranging from 780-1,900 sq. ft.
Marriott International has nearly 225 residential projects, both open and in the pipeline, across 42 countries and territories. The group has 16 residential brands and expects it’s global residential portfolio to grow by approximately 60 per cent by 2025.
Price: Undisclosed
THPT Comment: Great move for Marriott to extend the Autograph Collection brand to residences, following their global debut in Utah. Interesting name for the property given the infamy of Lord Lucan back in the mid-1970s
First Seen: Hotel Business
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