The first UK hotel to join the collection, the Hyde Park Corner property has been closed since the end of 2013 for a complete renovation and will reopen by spring 2015. The property contains 93 rooms and suites as well as a spa and fine dining restaurants.

Oetker Collection owns and manages hotels and resorts around the world. Under new management, The Lanesborough will re-open as a “masterpiece hotel” within the collection, with a renovation synonymous with late interior designer Alberto Pinto, according to a statement.

“The Lanesborough is clearly a landmark within the European hospitality landscape with an exceptional heritage and a strong and unique identity, and it will fit perfectly in our Collection of Masterpiece Hotels,” said Frank Marrenbach, CEO Oetker Collection.

“The partnership between Oetker Collection and The Lanesborough provides a great potential for us to bring our signature service to guests who have a passion for living.”

Oetker Collection owns and manages eight other hotels worldwide; Le Bristol Paris, Hotel du Cap-Eden-Roc, Chateau Saint-Martin & Spa, Brenners Park-Hotel & Spa, Eden Rock - St. Barths, Fregate Island Private, Palais Namaskar, and L’Apogée Courchevel. In addition, Villa Stephanie at Brenners Park-Hotel & Spa is also due to open January 2015.