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Plans to develop the Admiralty Arch in central London into a luxury hotel have got the green light from the Westminster Council, according to Construction Enquirer. What it means: developer Prime Investors Capital can start the renovation job early next year turning former offices into a 100-room hotel and private members' club. Renovation designs have been drawn up by London-based Blair Associates Architecture. The redevelopment is part of the government's strategy to operate a more efficient government estate and raise over £1 billion for the taxpayer by selling buildings and land no longer needed. The 99-year lease agreement signed between the Government and PIC will raise £60m from the sale of Admiralty Arch's leasehold. The arch was commissioned by King Edward VII as a tribute to his mother Queen Victoria and was completed in 1912. FREE HOTEL MANAGEMENT NEWSLETTER Like this story? Subscribe to Hotel Design! Hospitality professionals turn to Hotel Design as their go-to news source for the latest products, projects, and trends for hotel interior designers and architects.