CCTV images were released today after six men travelling on three mopeds arrived at the Dorchester Hotel with sledge hammers.
If you're trying to do the maths, that's an eye-watering £3.9 million over five years.
Once transformed, the Mayfair property could be transformed into one of the UK's finest city homes worth a staggering £100 million.
Two men charged in connection with a smash and grab raid on the Dorchester Hotel have been remanded in custody.
Unemployed brothers Reed and Skye Roberts appeared at Wimbledon Magistrates' Court today charged with robbery over Thursday's raid at the luxury Mayfair hotel.
They will next appear at Kingston Crown Court on July 25th.
The Dorchester on Park Lane was hit for the second time in a month by a moped-riding gang who smashed their way into the building in the early hours of the morning on July 10th and broke into display cabinets.
The hotel was hit in exactly the same way on June 10th, when watches and jewellery were stolen in what police called a "well-planned" heist.
Three other people arrested on Thursday have been released on bail until September.
Flying Squad detectives investigating Thursday's smash and grab at the Dorchester Hotel in Mayfair have charged two people.
23-year-old Reed Roberts and 19-year-old Skye Roberts will appear in custody at Wimbledon Magistrates' Court.
Three others arrested in connection with the investigation - two men and a woman - have been bailed to return to a north London police station on a date in early September pending further enquiries.
Police are asking witnesses, or anyone with any information, to call the Flying Squad via 101 or Crimestoppers anonymously on 0800 555 111.
A vast majority of items stolen during a robbery at the Dorchester Hotel yesterday have been recovered, police said today.
Metropolitan Police said they believe that they have recovered most of the items, all of which were found at the address in Kings Cross, in north London.
Three mopeds were also seized and enquiries continue to establish if these were the vehicles used in the robbery.
Three men and a woman have been arrested in connection with a smash and grab raid at the Dorchester Hotel this morning.
A gang of thieves on mopeds smashed through the door, and stole jewellery from display cabinets.
It's the second time the hotel has been targeted in a month. Police are still trying to establish if the two robberies are linked.
– Dorchester Hotel statement
We can confirm there was an incident at the hotel early this morning and we are assisting the authorities with their inquiries.
The hotel security team were quick to respond and no-one was hurt. The comfort and security of our guests and staff is our top priority.
– Detective Sergeant Mark Staples, Met Police
We continue work towards establishing those responsible for carrying out not only the robbery which took place in the early hours of this morning but the robbery which took place last month.
We have yet to make arrests in relation to either incident and we urgently require the support of the public with providing us with any information no matter how small.
There may be people who know who is responsible and I am keen for those with any information to come forward and assist us with our investigation.
- The luxury venue was hit in exactly the same way on June 10, when watches and jewellery were stolen in what police called a "well-planned" heist
- In today's robbery the thieves all fled the scene within minutes and no one has yet been arrested
One of the most prestigious five star hotels in the UK has been hit by smash and grab robbers for the second time in four weeks.
A gang of six men on three mopeds pulled up outside the Dorchester Hotel in Mayfair, central London, in the early hours of this morning. Three of them smashed their way through the front door and broke into display cabinets.
Read more: Full police appeal here
Six raiders fled the Christian Dior store in central London this morning on a moped after a failed smash-and-grab. The group broke windows and damaged the shutters but still couldn't get inside. They sped off from the shop on Conduit Street just after midnight.