The suites at the Radisson Edwardian Mercer Street are plush and elaborately furnished. Courtesy: Radisson Edwardian
The suites at the Radisson Edwardian Mercer Street are plush and elaborately furnished. Courtesy: Radisson Edwardian

Radisson Edwardian Mercer Street offers a great location at a fair price



The welcome

The hotel is gloriously located at the apex of Seven Dials, an atmospheric enclave in Covent Garden where the buzz from outside comes seeping through the building's 100-year-old walls and into the reception area. An oversized golden sofa, a statue of a small golden sheep and other objets d'art underline this as a cool hotel in one of London's most fashionable areas. The staff are polite: they accompany us to the lift and enquire if we can make our own way to our room. A few minutes later the telephone rings and it is reception asking if there is anything we need.

The neighbourhood

Covent Garden is home to fashionistas, media types, lawyers and trendy PR executives. Google, Warners and Facebook have all moved in recently and Vogue gave it the ultimate stamp of approval by choosing to hold its London Fashion Week night here. Almost every major London theatre is a short walk away, and the Cambridge Theatre, now home to the Royal Shakespeare Company's production of Matilda, is directly opposite. The famous Piazza is just round the corner, as is the Royal Opera House. Trafalgar Square is a 15-minute stroll away and the Houses of Parliament a further 15 minutes, if you fancy a walk.

The room

I was in a suite on the first floor with four large windows that offered a panoramic view of the Seven Dials monument and the cobbled lanes, perfect for people-watching. The windows actually open, a rare thing now in hotels, and when I was there it was surprisingly quiet with little traffic. Each room is decorated with a variety of colours and fabrics. In mine the dominant shade was black, with the occasional splash of crimson. I loved the canopied bed, the seating area, the Smeg fridge (with a Union Jack flag on it) and the theatrical dressing room mirror so much that I found myself wishing I had planned to spend the evening in. The internet was high-speed and easy to access but the impressive-looking Apple TV kept freezing.

The scene

Radisson bought the hotel in 1985 and recently spent £15 million (Dh87 million) on a major refurbishment. Thankfully, the group eschewed the corporate look and turned it into a boutique hotel with a sense of place. The guests are as cosmopolitan and chilled as the residents, for whom the hotel is a popular meeting spot.

The food

The Dial Bar and Restaurant provides classic English food: rib-eye steak (£19.50; Dh110); seared sea bass fillet (£18.50; Dh104) and creamy apple trifle (£5.50; Dh31). In keeping with its Covent Garden heritage (who can forget Eliza Doolittle memorably sold flowers in the market there in My Fair Lady), the emphasis is on fresh local produce; the roasted purple carrots and chunky chips are notably delicious. Also, there must be at least 100 cafes and restaurants within a five-minute radius.

The service

Pretty good. The GM is one of the few female general managers in the business and is admirably visible as she monitors proceedings. On realising I was alone on my second visit, the staff helped me out again. Although I wanted only bar food, they suggested I would be more comfortable in the restaurant and that it would not matter which menu I ordered from.

Loved

The location. In my view, this is the nicest part of London. Seven Dials is like a village within the bigger district of Covent Garden. It has a great atmosphere and is right in the centre of Theatreland. The hours between 7am and 10am were my favourite - watching the place wake up was a delight.

Hated

Having stayed in such a lovely room previously, I found the standard room I checked into this time rather small and ordinary by comparison. However, it was less of a pull to leave it.

The verdict

The fact that I did return within a few weeks says it all. London hotels are generally expensive and overpriced but this four-star boutique hotels offers good value, particularly if you can get a late deal. It is the perfect spot from which to enjoy the best of the city.

The bottom line

Double rooms cost from £258 (Dh1,495) per night, including taxes. The Radisson Edwardian, 20 Mercer Street, Covent Garden, London (www.radissonedwardian.com; 00 44 20 7836 4300).

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

The specs

Engine: 1.8-litre 4-cyl turbo
Power: 190hp at 5,200rpm
Torque: 320Nm from 1,800-5,000rpm
Transmission: Seven-speed dual-clutch auto
Fuel consumption: 6.7L/100km
Price: From Dh111,195
On sale: Now

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Developer: Sucker Punch Productions
Publisher: Sony Computer Entertainment
Console: PlayStation 2 to 5
Rating: 5/5

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Developer: Ubisoft Bordeaux
Publisher: Ubisoft
Consoles: PlayStation 4&5, PC and Xbox Series S&X
Rating: 3.5/5

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Her most famous song

Aghadan Alqak (Would I Ever Find You Again)?

Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.

Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab

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Tottenham (Alli 61'), Davies (70')
Red card Jonjo Shelvey (Newcastle)

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Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.