De Niro will be joint operator of the luxury Wellington hotel, which will also feature a spa, members’ club and two restaurants.
The Oscar-winning actor has been granted planning permission for an 83-bedroom boutique hotel in Covent Garden, central London.
Commenting on the project in May, De Niro said: “London is one of the most exciting and cosmopolitan cities in the world.
It makes perfect sense to develop a hotel that represents all of that in the heart of this city in Covent Garden.
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