Fraser Bond are the leading lettings and property management agents for Elizabeth Hotel - London W2. Elizabeth Hotel at 3-4 Lancaster Terrace is a Grade II listed building in Bayswater, London W2. The extension on Elms Mews will create additional 44 rooms. 4 Lancaster Terrace was originally built as three private houses in a new terrace of elegant family homes on Lancaster Gate Terrace. 2020 Jan - Planning permission granted for: Redevelopment of car park and garages to extend hotel including excavation of a basement and erection of part single, part two and part three storey building (above.