In 2016, there was a major refurbishing and in October 2016 the hotel was renamed Sheraton Grand London Park Lane, one of the premier tier of Sheraton hotels.
In May 2014 Starwood Hotels & Resorts Worldwide, Inc. announced it sold its leasehold interest in The Park Lane Hotel, London to Sir Richard Sutton's Settled Estates (SRSSE). Starwood continues to operate the hotel under a new long-term management contract under the Sheraton brand flag (See Hotel Newswire).
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