FILE - A Saturday, June 9, 2012 photo from files showing Foot Guards and Household Cavalry proceeding down the Mall in London in front of Admiralty Arch in preparation for Trooping The

 

              FILE - A Saturday, June 9, 2012 photo from files showing Foot Guards and Household Cavalry proceeding down the Mall in London in front of Admiralty Arch in preparation for Trooping The
FILE - A Saturday, June 9, 2012 photo from files showing Foot Guards and Household Cavalry proceeding down the Mall in London in front of Admiralty Arch in preparation for Trooping The Colour on June 16 to mark Queen Elizabeth II's official birthday. The well known London landmark will be transformed from office space into a luxury hotel, Britain's government said Friday, Oct. 25, 2012. The Cabinet Office said the arch has been leased for 99 years to development company Prime Investors Capital, which plans to turn the ceremonial gateway between The Mall and Trafalgar Square into a five-star, 100 bedroom hotel. Cabinet Minister Francis Maude said the government had secured a good price for the building, leasing it out for 60 million pounds ($96.7 million) and will grant the public greater access to a historic site. While the arch originally housed offices, the building is currently empty and in need of extensive restoration. (AP Photo/Sang Tan, File)