Le Méridien Group's CEO, Jurgen Bartels, said: "The Cumberland, which will re-launch next year as Art + Tech by Le Méridien, London Hyde Park, is the ideal hotel for the introduction of our Art + Tech design concept, appealing to today's business and leisure traveler. When refurbished, it will deliver a luxury, international new four-star destination hotel unrivalled in London."
Insignia Hotels has acted as adviser to The Royal Bank of Scotland.
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