The Bank of China has swooped to fund a landmark hotel in London's West End, in the latest sign that the capital has become the darling of Far East investment.
The Bank of China has agreed terms with the Splendid Hotel group to provide a £50m development loan to build a 254-room hotel near New Scotland Yard. The six-storey hotel, which will have a final value of at least £100m, will occupy the freehold site of the 19th-century former Queen Anne's Chambers.
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