NRI takes over home of Scotland Yard to build luxury hotel
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NRI takes over home of Scotland Yard to build luxury hotel

Yusuffali Kader who owns hypermarkets, malls, and other businesses in the Gulf and India is now acquiring the original home of Scotland Yard in Central London through his UAE property business, the Lulu Group, for 110 million pounds.

Yusuffali will develop the property into a 92,000 ft 5-star hotel that will have 233 rooms with prices for a suite going for up to 10,000 pounds a night.

The Lulu Group emerged as the front runner for the hotel in April.

The hotel will open in 2017 and run by German hotel operator Stigenberger.