We made the Prince fit for a King.
We ensured this Art Deco Jewel was restored to its former glory whilst offering guests all the modern luxuries.
Gleeds’ cost management services played a key role when Starwood’s light renovation of one of its most prestigious European hotels turned into a full luxury renovation.
Keeping the neighbours happy
The Prince de Galles is situated in one of Paris’ most exclusive neighbourhoods.
It’s moments away from the Champs-Elysées, and next door to the George V (Four Seasons) hotel, which remained open for the duration of the project.
While we were improving things for our client’s guests, it was vital that their neighbours remained undisturbed. Other challenges included:
- Asbestos, lead and material deterioration
- Change in scope from a light refurb to a full renovation
- Extra work meant sourcing additional funds
Managing the bank manager
One of the most important aspects was to reassure the bank and to let them know that their investment was safe.
We did this by providing detailed information and keeping them informed every step of the way.
We also provided a fund monitoring role for the banks in order to facilitate the loan requirement.