Simon Halabi’s original plan was to develop a super-luxury, six-star club experience with members enjoying country facilities at Mentmore Towers, in Buckinghamshire, with a London base at the In and Out Club on Piccadilly. However, the recent global crisis seemed to put the plans on hold and concerns had been raised (including in comments on earlier blog post: ‘Simon Halabi and Mentmore Towers’ – 17 July) as to whether sufficient maintenence was being undertaken at both locations.
The master plan appears to have now been changed with the news that the In and Out Club has been put up for sale. Included in the deal are various neighbouring buildings which give the potential for the sale to raise up to £250m. It’s not known what Mr Halabi’s plans are but one can only hope that the money raised will benefit Mentmore Towers, preserving and protecting this important country house.
Full story: ‘Mayfair’s In and Out Club on market‘ [Financial Times]