Boscalt Hospitality – Press Release
The 110-room property will occupy 15 Old Bailey, a building originally known as the ‘Spiers & Pond Hotel’
Luxembourg, December 15, 2021
Boscalt Hospitality today announced that the operator of its London Hotel, Old Bailey, will be Hyde Hotels. The property, now Paradox Hotel London City was built in 1874 by architect Evans Cronk and converted to office use in the early 1900s. Boscalt seeks now to return the asset back to the iconic hotel that it once was.
Hyde Hotels, Resorts & Residences is part of Ennismore, a creative hospitality company rooted in culture and community, with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Ennismore is a joint venture with Accor, formed in 2021.
OB Capital is a London-based joint venture between Boscalt, a member of Edmond de Rothschild Private Equity partnerships and the entrepreneur Alex Shamash.
Liza Masías, Co-Founder of Boscalt said: “It is very exciting for our team at Boscalt, to be a part of the story of the first Hyde hotel in Europe. With unique offerings like a Japanese influenced speakeasy bar and a Mediterranean restaurant spotlighting Levantine cuisine, we hope it will become the most sought-after lifestyle hotel in the area.”
Alex Shamash, Founder of OB Capital said “It’s been an absolute pleasure bringing this dream to reality. We look forward to delivering a unique hotel to captivate the traveller looking for a holistic lifestyle experience. We can’t wait to establish the Hyde Paradox as a must-stay hotel for both visitors and locals, thanks to our unrivalled food & beverage outlets, impressive rooms, and eccentric décor by our award-winning design team.”
Upon opening, the seven-story hotel will feature 110 guest rooms, meeting rooms, and two full-service restaurants along with a speakeasy bar; each perfectly curated by Hyde Hotels.
Boscalt invests in hotels across major European cities. It creates substantial value by combining hospitality, real estate, corporate finance, and sustainability. The Fund focus is the upper end of the hotel market, upscale to luxury on prime locations of key European cities – requiring a high level of hospitality expertise and resources and delivering long-term value.