Royal Group—controlled by Singaporean real estate billionaire Asok Kumar Hiranandani—has picked Minor Hotels, part of Thai hotelier William Heinecke’s Bangkok-based Minor International, to manage its first hotel in London

Last year, Singapore-based Royal Group bought the former NatWest Bank (formerly Westminster Bank) building on Piccadilly in Central London’s Mayfair precinct for £65 million and earmarked another £45 million to transform the century-old heritage property into a luxury boutique hotel with 50 suites across six floors.

“We view this project as a meaningful contribution to the continued renaissance of Mayfair and the wider West End,” Bobby Hiranandani, co-chairman of Royal Group, said in a statement. “By reactivating a distinguished........

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