German-based luxury hotel company, the Oetker Collection, is looking to expand into the UK with the acquisition of a London hotel.
Frank Marrenbach, chief executive of the company, said that London has been earmarked for growth, along with New York and Istanbul.
"We are continuing to focus on future expansion to add to our masterpiece hotels in Europe and the Caribbean," he explained. "London is particularly attractive for Oetker Collection as it would complement the award-winning Le Bristol hotel in Paris and we know that many guests would like to stay with us in both cities."
The Oetker Collection currently has six hotels in Germany, France, Morocco and the Caribbean island of St Barthélemy, including the Hotel du Cap-Eden-Roc in Cap d'Antibes and the Palais Namaskar in Marrakech. Over the next decade, the plan is to expand the group to around 15 hotels.
The seventh property in the collection - L'Apogee Courchevel - is due to open in December 2013 with a restaurant from two-Michelin-starred chef Yannick Frangues.