THE DORCHESTER COLLECTION, which owns the landmark property on London's Park Lane, is to open a 50-room hotel within walking distance. Debuting next year, the new, contemporary-style hotel at 45 Park Lane will be the eighth in the collection, which includes the Hotel Meurice and Plaza Athénée in Paris, and the Beverly Hills Hotel in Los Angeles.
Chief executive Christopher Cowdray says: "We are targeting 15 hotels in key North American and European cities in the next five to 10 years and are pleased to have secured another landmark hotel in London."