The Ned

A Banking Hall Reimagined for the City's Working Week

The square mile around Bank station has long been short on places to stay that match the ambition of the addresses surrounding them. Sir Edwin Lutyens' 1924 Midland Bank headquarters at 27 Poultry solved that gap when it reopened in 2017 as The Ned, a joint venture between Soho House and New York's Sydell Group. The building's Grade I listed status set the terms of the project: the architecture was non-negotiable, and the programming had to fill one of the largest banking halls in British history. What emerged was a hotel-and-members-club hybrid that operates on a scale few European city-centre properties attempt, with ten restaurants, 17 bars, 250 bedrooms, and a spa all running simultaneously beneath one roof.

The City address is load-bearing to the proposition. The Bank of England sits directly opposite. St Paul's Cathedral is a four-minute walk. Monument, Mansion House, and the financial district's post-pandemic restaurant boom are all within the immediate postcode. For guests whose reason for being in London involves the EC2 and EC3 corridors, the location removes every friction point that a Mayfair or South Bank alternative would introduce. Properties like Claridge's, The Connaught, and The Savoy occupy the other end of the London prestige-hotel spectrum, but none of them put you this close to the City's working core.

What the Address Actually Delivers

Roof at The Ned carries some of the better unobstructed sightlines in central London. Looking west from that elevation, the dome of St Paul's registers against the skyline in a way that most City rooftops, hemmed in by newer towers, cannot replicate. The heated open-air pool and rooftop bar make that view available on terms that are more social than architectural — the setting earns its keep as a functional amenity rather than a viewing platform.

Below ground, the vault conversion is the most discussed design decision in the building. Behind a 20-ton, six-and-a-half-foot-wide original door, the space operates as an after-hours cocktail lounge with DJs, live music, and a programme of events. It is a specific kind of hospitality that suits the building's history without straining for novelty — a vault doing vault things, but with a bar inside it.

The subterranean spa extends that logic. A 65-foot swimming pool, sauna, steam room, and hammam occupy space that was not designed for leisure, which gives the facility an unusual spatial quality. The yoga, Pilates, and spin studios serve both hotel guests and members, as do the in-house barbershop and ladies' hairdressing salon.

The Rooms: Bankers' Offices Converted

The 250 bedrooms were offices before they were guest rooms, and the conversion preserved that identity rather than erasing it. Deep mahogany four-poster beds and crystal chandeliers reference the 1920s and 1930s without tipping into theme-park reproduction. Bathrooms are finished in marble, mosaic, and brass with an art deco sensibility, and come with rainforest showers and Cowshed products. Tactile details , sumptuous drapes, floral wallpaper, hand-knotted rugs, plush velvet chairs , give the rooms a layered quality that reads as considered rather than assembled.

Retro alarm clocks and landline phones are period-appropriate props, though the phone line connects to Net-a-Porter, which is not. It is a small detail that locates the property precisely: 1920s aesthetics calibrated for a contemporary guest who finds that register appealing rather than dated.

Members, Guests, and the Line Between Them

Ned operates a dual-access model that requires some navigation. Ned's Club membership unlocks dedicated bars, restaurants, health club access, rooftop spaces, and a monthly events programme that runs from talks and screenings to seasonal parties and festival tie-ins. Hotel guests access a different, though overlapping, set of amenities, and the boundary between what is included and what requires additional payment depends on the room category booked. Clarifying this before arrival avoids friction at check-in.

Ground floor operates as public space and functions as a significant through-traffic zone, particularly on weekends. The ten-restaurant ground-floor setup replicates something close to a grand European brasserie district compressed into a single hall, and the noise level reflects that. The Library Bar, The Ned's most recently opened drinking room, is calibrated differently: a 1930s-inspired space with antique furniture, oxblood leather panelling, and old-world club chairs serving vintage-format cocktails including the Royale Punch, which combines Rémy Martin VSOP with fresh peach, Earl Grey, citrus cordial, anise, and champagne. It is the quieter register of the building, and the better option for anyone whose evening requirements tend toward conversation rather than atmosphere.

7 p.m. laptop curfew in common areas is consistent with the Soho House operating philosophy across its global estate. It is worth factoring into any plan that involves working late from the hotel.

The Ned in Context

Ned sits in a category of converted-heritage hotels that has grown considerably since 2017. Raffles London at The OWO occupies the former War Office on Whitehall. NoMad London took the former Bow Street Magistrates' Court. The competition for Grade I and II listed buildings with genuine institutional histories has intensified, and each property makes different editorial choices about how to handle the tension between preservation and contemporary hospitality programming.

Ned's approach leans toward density and volume: more restaurants, more bars, more programming, more square footage activated simultaneously. That suits the City postcode, where the guest profile skews toward professionals with specific schedules and high throughput requirements. It is a different proposition from the quieter, more contained alternatives in Mayfair or Knightsbridge, and for certain trips , a three-night stay anchored in EC2, a team offsite, a conference circuit , it is the more logical choice for exactly that reason.

For those considering London in a broader UK travel context, the country's hotel scene extends well beyond the capital. Gleneagles in Auchterarder, The Newt in Somerset, and Estelle Manor in North Leigh each represent the country-house tradition that city-centre properties like The Ned consciously depart from. Lime Wood in Lyndhurst and The Emory offer other reference points for how British luxury hospitality is currently being reimagined. The Ned's model has now expanded internationally: The Ned NoMad opened in New York in 2022 and The Ned Doha in Qatar in 2023, each occupying a building with its own architectural significance. For New York comparisons, The Fifth Avenue Hotel and Aman New York occupy similar converted-prestige territory in Manhattan.

For a broader read of where The Ned fits among London's eating and drinking scene, see our full London restaurants guide.