Cyril Stein, the former Ladbroke chairman, celebrating his new venture, the St James's Club
Monday 01 May 1995
Mr Stein acquired the club from Queens Moat Houses, the troubled hotels group, for £6m in November. He has since spent £4m on refurbishments, expanding the residential club to 60 suites with dining rooms, and a gym. Suites, complete with marble bathrooms, start at £140 a night.
Mr Stein, 67, left Ladbroke early last year after 27 years. He said yesterday: "I'm not the retiring kind, and I needed a new challenge."
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