Lost Property, part of Hilton’s fancy Curio Collection, has a very specific theme: the lost history of London.

Read on to find out more about the plush bedrooms and tasty grub.

3

3

Advertisement

Where is Lost Property hotel?

Round the corner from St Paul’s cathedral and on the busy street of Ludgate Hill, Lost Property is in a central spot in London.

City Thameslink train station is a two-minute stroll away and St. Paul’s underground station is a five-minute walk away.

What is Lost Property hotel like?

You may not even notice the image of Winston Churchill or the inspiring quotes subtly emblazoned on the wall in reception, but take a closer look at and you’ll find little treasures hidden all over this 145-bedroom hotel.

Check your drinks coaster in the bar – each one is printed with the definition of a lost word which has been removed from the English dictionary.

If you haven’t visited the capital before, ask for a room with views of the impressive St. Paul’s cathedral, an historic London landmark.

What is there to do at Lost Property hotel?

For those that fancy a workout, there’s a very nice gym with Peloton bikes and treadmills which sit under large windows in the ceiling so you can soak up the natural light while you cycle.

Make sure to pick up a coffee before you head out for the day as you’ll struggle to find a better one in London – it’s the only hotel to have partnered with Monmouth coffee, a high-quality London roaster.

The hotel is a short stroll from some top tourist attractions like the Tate Modern (15-minutes walk), the London Eye (30-minutes walk) and Somerset House (18-minutes walk).

What is there to eat and drink at Lost Property hotel?

The restaurant is a calm oasis away from the chaos of Ludgate Hill on its doorstep and the talented mixologists behind the bar can whip you up any tipple, even if it’s not on the menu.

I requested “something tequila-based” and was handed an elegant coupe filled with a delicious citrus-y, sour cocktail that packed a punch.

The food is much like the rest of the hotel: decent-quality, with added elegance.

My buttery pan-fried fillet of sea bass, for example, came with leeks and potatoes, as well as a Champagne velouté and caviar for that extra pizazz.

What are the rooms like at Lost Property hotel?

Rooms have been created with busy travellers in mind, although glamour hasn’t been forgotten about.

USB ports by the bed and wardrobes with enough space and hangers are convenient, while the sleek furnishings and marble-top surfaces elevate rooms to a luxury level.

The only major difference between rooms is the size, so if you aren’t staying long, go for the standard Queen Guest Room.

How much is Lost Property hotel?

Rooms cost from £209 per night.

Click here to book.

Is Lost Property hotel family friendly?

Although kids would be well looked after here, there may be some other hotels more suited to families.

Is there access for guests with disabilities?

Yes, there are spacious accessible rooms with roll-in showers.

The restaurant is on the ground floor and there are toilets for wheelchair users.

Looking for a place to stay? For more hotel inspiration click here.

3

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Michael Marriott’s east London studio is a wonderful mess. It’s rammed with tools, boxes, stools, signs, books and designs, prototypes of his own furniture and products and those of friends, piled all around with fascinating things. This is not one of those self-consciously showroom studios, more for effect than process, but rather a place of real ideas and work.

The designer, a dependable and much-loved fixture of London’s scene for the past three decades, makes me a strong coffee. I notice, halfway through our conversation, that the mug says The Tool Appreciation Society. “I love tools,” Marriott says. “They’re perfect objects, partly because they haven’t been tampered with by designers. They’ve evolved through use and they relate very closely to the human body, the way in which they fit in the hand.” We spend a happy few minutes talking about hammers.

His comment on the (lack of) design of tools is revealing. “I don’t really like the word ‘designer’,” he says. “Design means lots of things. Designer fashion or jeans, sometimes it’s just a colour scheme. I’m slightly ashamed to be a designer. We’re caught up in the world’s problems: overproduction, over-marketing. On the one hand I feel I should just stop. So I try to do things in a way that causes as little harm as possible. Design should be about solving problems but it becomes part of the problem, which is overconsumption.”

Marriott’s designs are often modest. They employ found objects or involve a small adaptation of an existing product, items which are useful and economical but also intelligent, sometimes wryly commenting on the broader world of design through small gestures. There are candlesticks and doorknockers made in the image of hex wrenches, for instance, a clock face made from old cardboard boxes, a lampshade made from a plastic bucket or a bottle-opener made from broken bicycle rims.

Of course, there are more conventional designs too, for furniture or shelving, the latter including his popular Croquet range, with brackets inspired by croquet hoops, but also his Olá café chair, a version of the bentwood Thonet classic. These he used in the designs for Bloomsbury’s Café Deco, a lovely space which manages to blend the proletarian-utilitarian style of a London caff with the bourgeois sophistication of a continental café.

He has a nice sideline in shop fittings (as at Leila’s in Shoreditch). “When I started out, I thought I was a furniture designer, and I think I am, by philosophy, but I like to do what I can using as little material as possible, making things that are reduced.” He has also become known for installation and exhibition design, where “you’re working with a curator and a graphic designer, so you’re not just making shapes but working with a cultural context too. And there’s also a fee . . . ”

What there often isn’t is a place to sell some of the more eclectic or eccentric designs: the smaller, quirkier things. Marriott addressed that with his online shop WoodMetalPlastic.

“That’s what these things I do are made of. At first we were just selling pieces like the Ernö hook [a tough, injection-moulded double wall hook] but then we started with other pieces like this camping tin-opener from Spain which was old stock; the manufacturer closed down in the 1960s, so these were probably the last of these things in the world.” There are also plenty of other wonderful, everyday, simple things: plastic bowls, brushes, lemon squeezers, brightly coloured but unselfconscious. And also inexpensive. This is not the world of Milanese high design but of good things made accessible. (I like the Kex cabinet handles adapted from brass radiator keys, £5.95 each, designed by Kitty Hiscox.)

For a long time Marriott taught at London’s Royal College of Art, where he studied, and his impact has been felt widely. He has always provided the antidote to the starry designers of self-conscious icons, the jet-setting names who think their work blurs boundaries between design and art and see their statement sofas sell for big money at auctions. But when I ask him about his effect on the London design scene, he modestly demurs. “I don’t see it myself,” he says, “but I have been told by others.”

In fact, he is very much a London designer. “I was born here,” he says, “and though I grew up in the suburbs [Dartford, Kent], I came back as soon as I could and have been here ever since.” There is something about his wit, the slightly sly take on the culture of consumption which he so successfully subverts with his designs, that has a hint of London’s ad hoc, almost punkish spirit. His shop had a presence during Milan’s Salone del Mobile this year, a lively storefront which was one of the sprawling event’s highlights (partly by being everything the design industry at large is not).

I pick up a pepper grinder from the table, a thing that was hiding behind my mug. It has a head shaped like a nut. “I know, the world doesn’t really need another pepper grinder,” he says, “but I’m more interested in how these things sit in a landscape of objects. How does it speak to the other objects on the table?” I look at the things around it: another mug, an Opinel knife, a handwoven basket, a book, a bent-metal oil and vinegar set-holder. Some are his designs, others he sells in his shop, others still are the workmanlike, useful objects he loves and lives with. It seems to me like they’re all having a pretty convivial conversation, at least as much as objects can.

michaelmarriott.com

IF you earned more than £1,000 in the last tax year from your side hustles, you need to register for self-assessment.

If you miss the October 5 deadline for registration and then fail to send in a tax return on time, you’ll likely face a fine.

1

A side-hustle is something you do to earn extra income, such as selling things online, doing freelance work alongside your normal job, or making money from tasks like pet-sitting, dog walking, or babysitting.

How much you earn is important. If you make less than £1000 in a tax year from your hustle, it doesn’t count as taxable income, and you don’t have to declare it.

But, once you start making more than this, you need to register as self-employed and start paying tax on the money earned over this amount.

The threshold is based on your profit after deductible expenses. For instance, if you were making and selling jewellery, you can deduct the money you spent buying materials from how much you earned in total.

You only need to file and pay tax if your remaining profits are more than £1,000 for the year.

You also need to register if any of the following applied in the past year:

• you were a sole trader
• you were a partner in a business partnership
• you had a total taxable income of more than £150,000
• you had to pay Capital Gains Tax when you sold or ‘disposed of’ something that increased in value
• you had to pay the High Income Child Benefit Charge

You might also need to register and send in a tax return if you have untaxed income, such as:

• money from renting out a property
• tips and commission
• income from savings, investments and dividends
• foreign income

And there are some scenarios where you don’t need to send in a return, but might choose to anyway. For instance, if you want to:

• claim some Income Tax reliefs
• prove you’re self-employed, for example to claim Tax-Free Childcare or Maternity Allowance
• pay voluntary National Insurance contributions

You can check if you need to do self-assessment with the Government’s online tool.

The deadline for registering is October 5. There’s no penalty for registering after this, but if you haven’t signed up, filed your tax return, and paid your bill by January 31 you will be fined.

If you do miss the October 5 deadline, you should sign up as soon as possible. This means you’ll be set up and able to file your return in time.

There are two key deadlines for actually submitting the return. If you want to file a paper return, it needs to be in by October 31. If you’re submitting online, you have until January 31.

If you miss the deadline for filing, you face an immediate £100 fine. If your return is more than three months late, you’ll then have to pay an additional £10 a day for a maximum of 90 days.

If you’re more than six months late, you pay a fine worth 5% of your total tax bill – or £300, whichever is higher – and then if you’re 12 months late you’ll have another fine worth the higher of 5% or £300.

You also need to pay everything you owe by January 31, or you’ll also face a late payment fine.

If you’re more than 30 days late, you need to pay 5% of the tax due as a fine.

If you’re six months late you pay another fine worth 5% of the tax outstanding and then the same again at 12 months.

HMRC charge interest on late tax payments. The interest is charged from the date the payment became due until the date of payment and is added automatically.

There is a helpful calculator on the gov.uk website that you can use to calculate what your late payment fees will be, if you miss the deadline.

You can challenge any penalties if you have a reasonable excuse. You usually have 30 days from the date your penalty was issued to contact HMRC or make an appeal. If you miss the deadline, you’ll need to give a reason.

The taxman says examples of reasonable excuses include:

• your partner or another close relative died shortly before the tax return or payment deadline
• you had an unexpected stay in hospital that prevented you from dealing with your tax affairs
• you had a serious or life-threatening illness
• your computer or software failed while you were preparing your online return
• issues with HM Revenue and Customs (HMRC) online services
• a fire, flood or theft prevented you from completing your tax return
• postal delays that you could not have predicted
• delays related to a disability or mental illness you have
• you were unaware of or misunderstood your legal obligation
• you relied on someone else to send your return, and they did not

Whatever the reason, you must send your return or payment as soon as you can.

TEL AVIV, Israel (AP) — Israel said Saturday that it killed Hezbollah leader Hassan Nasrallah, dealing its most significant blow to the Lebanese militant group after months of fighting. There was no immediate confirmation from Hezbollah.

If the claim is true, Nasrallah is by far the most powerful target to be killed by Israel in weeks of intensified fighting with Hezbollah. Ali Karki, the Commander of Hezbollah’s Southern Front, and additional Hezbollah commanders, were also killed in the attack, the Israeli military said. The military said it carried out a precise airstrike on Friday while Hezbollah leadership met at their headquarters in Dahiyeh, south of Beirut.

Israel’s Chief of Staff, Lt. Gen. Herzi Halevi, said Saturday that the elimination of Nasrallah was “not the end of our toolbox,” indicating that more strikes were planned. He said that the strike targeting Hezbollah leadership was the result of a long period of preparation.

The Lebanese Health Ministry said six people were killed and 91 injured in the strikes Friday, which leveled six apartment buildings.

The Israeli military said it was mobilizing additional reserve soldiers as tensions escalate with Lebanon, activating three battalions of reserve soldiers to serve across the country. The call comes after it sent two brigades to northern Israel earlier in the week to train for a possible ground invasion.

On Saturday morning, the Israeli military carried out several strikes in southern Beirut and eastern Lebanon’s Bekaa Valley. Hezbollah launched dozens of projectiles across northern and central Israel and the Israel-occupied West Bank.

In Beirut’s southern suburbs, smoke rose and the streets were empty after the area was pummeled overnight by heavy Israeli airstrikes. Shelters set up in the city center for displaced people were overflowing. Many families slept in public squares and beaches or in their cars. On the roads leading to the mountains above the capital, hundreds of people could be seen making an exodus on foot, holding infants and whatever belongings they could carry.

At least 720 people have been killed in Lebanon over the past week from Israeli airstrikes, according to the Health Ministry.

___

Mroue reported from Beirut.

Good morning from Gotham, where New Yorkers are definitely sleeping in after the craziest week of the year, between the gridlocking mayhem of the UN General Assembly and the indictment of our mayor. It was into this chaos that Reddit co-founder Alexis Ohanian launched the inaugural Athlos women’s-only athletics meeting, the first of a deluge of new track meets attracting big money in a shake-up for the sport, whose plans we wrote about last month.

But after talking the talk, could Athlos . . . run the race? Thursday’s meet was absolutely unlike any other track meet, at least in the US. With a red carpet for athlete walk-ins and celebrity attendees like Flavor Flav, VIP lounges directly on the track, and DJ D-Nice spinning tracks between events, the capacity crowd at Icahn Stadium was certainly treated to an event.

Competitors raved about the experience and 100-metre winner Marie-Josée Ta Lou-Smith, 35, told Scoreboard that she contemplated retirement before Athlos popped up with a $60,000 check for first place. The meet was not without its wobbles — new Olympic champion Masai Russell filed a protest in the 100 metre hurdles after she said officials didn’t register a false start — but Ohanian ultimately delivered on a promise to build something different. The question now is whether audiences and sponsors keep it growing. 

For now, we have dispatches on private equity’s newest sports target and a look at the dour financial picture for English rugby. Do read on — Sara Germano, US sports business correspondent

Private equity battles over European basketball

Private equity is circling sports, that much we know. But why is Europe’s pre-eminent basketball competition attracting so much interest from investors? 

As revealed by the FT this week, London-based BC Partners has entered exclusive talks to buy a minority stake in EuroLeague’s commercial business at a €1bn valuation. To get to that stage, BC saw off competition from rival firm General Atlantic and SURJ Sports Investment, a subsidiary of Saudi Arabia’s sovereign wealth fund.

While basketball has a huge global following, the popularity of EuroLeague pales in comparison to North America’s National Basketball Association. So what’s the appeal?

Europe has certainly emerged as a hotbed for basketball talent. Just look at French centre Victor Wembanyama, now starring for the San Antonio Spurs in the NBA. And he’s not a one-off. Nikola Jokic, the Serbian three-time NBA most valuable player, and two-time MVP Giannis Antetokounmpo both began their professional careers playing for European teams.

EuroLeague itself has been gaining traction too. The competition’s television audience increased 27 per cent year on year in the 2023-24 season, bolstered by interest in Turkey, Serbia, Greece, Spain, Lithuania and Italy. User numbers for its online streaming platform rose 46 per cent to 85,000. BC Partners would bring deep experience of media rights, via its ownership of broadcaster United Group.

There is scope to grow in other ways too. Attracting more clubs from northern Europe, such as the UK, and expanding in the Middle East could help to increase commercial revenues and reduce reliance on southern Europe.

The league is already home to some well-known sporting names. Real Madrid (yes, that one) has been the dominant team, but faces competition from other big clubs, including Bayern Munich, Barcelona and Olympiacos. Such heavyweights provide the foundation for a wider fan base.

But does a deal make sense for the sport? After all, the firm’s bid comes at a time when private equity’s involvement in sport is under increased scrutiny. 

If a deal does go ahead, EuroLeague would do well to take heed of how the Spanish football league approached its investment from CVC Capital Partners. In short, La Liga’s deal was structured to encourage clubs to put money into stadium infrastructure instead of blowing it all on players.

Private investment and European basketball don’t always mix well. British Basketball League, which operated the professional game in the UK, had its licence terminated earlier this year due to financial difficulties stemming from an investment by Miami-based 777 Partners in 2021. Last night saw the debut of Super League Basketball, its replacement.

Professional basketball outside the US is still small enough that taking the wrong path once can lead to existential questions. Investors clearly see something in European basketball. For the sport itself, there’s a lot on the line.

English rugby union’s financial woes laid bare

In a telling sign of how bad things have got in rugby union, the first annual assessment of its finances was unveiled this week by a firm of insolvency experts.

Leonard Curtis, which specialises in corporate restructuring, released its inaugural Rugby Finance Report, a publication modelled loosely on Deloitte’s Football Money League. It made for sober reading.

Among the key findings was that seven of the 10 clubs in the Premiership — the top tier of English rugby union — are now “balance sheet insolvent”, meaning they are reliant on rich owners putting in money to keep them going. None of the teams made a profit in 2022/23, while combined debts reached £311.5mn. Losses across the 10 clubs hit £30.5mn, and TV revenue fell. The report did not point to any positive catalysts for improvement on the horizon.

The gloomy picture shows that the £200mn investment by CVC Capital Partners in 2019 has so far failed to alter the trajectory of English rugby union’s top clubs. That money effectively became a bailout due to the financial hit of the pandemic. And even so, three top tier clubs have since collapsed.

The authors of the report offered one simple short-term fix to keep the game afloat: slash wage bills. If clubs can stop haemorrhaging cash, they argued, it would provide a bit of breathing space to carry out more drastic reforms. Fears that dropping pay would cause an exodus of talent to other countries were overblown, they argued.

Potential longer-term solutions for rugby require increasing revenue. The game needs a larger, younger audience both to fill seats and to drive the value of broadcast rights. To do that rugby may need to consider some major surgery both on and off the pitch to make it quicker, easier to understand and more entertaining.

James Haskell, the former England international who wrote the foreword to the report, warned that the time for taking action was running out. Efforts to fix the game’s problems so far were like “rearranging the deckchairs” on a sinking ship.

“The next 18 months are going to be the most important for rugby”, he said. “We’ve got to change or we’re going to be stuffed.”

Highlights

• US billionaire Dan Friedkin has agreed a deal to buy Premier League club Everton, two months after an earlier attempt to buy the team collapsed.

• Italian football club AC Milan is in talks with the government of the Democratic Republic of Congo over a multimillion euro sponsorship deal to promote the war-torn country as a tourist destination.

• The German football league will re-auction a package of live games for its next rights cycle due to start in the 2025/26 season after a court partially upheld a lawsuit from broadcaster DAZN, who challenged the result of the previous auction.

• Flutter, which owns bookmakers Fan Duel and Paddy Power, predicts its profit will double by 2027 due to the booming US sports betting market.

Business of football: the big data arms race

A technological revolution is under way in football, as team owners turn to the latest data analytics and AI to gain a competitive edge in the battle for talent. As more professional investors buy into the sport and rules on spending get tighter, future champions will increasingly be created away from the pitch by teams of software engineers. Watch the latest instalment of our Scoreboard video series.

Final Whistle

Less than two years after suffering a devastating cardiac arrest on the field, Damar Hamlin of the Buffalo Bills notched a career-first interception in Monday night’s victory over the Jacksonville Jaguars. While Hamlin, 26, returned to the gridiron for the 2023 season in a reserve position, he regained his starter status this month and punctuated his full recovery by picking off a pass from Jaguars’ quarterback Trevor Lawrence. Bills Mafia could not be more thrilled.