D&D London, the restaurant group led by Des Gunewardena, is looking to expand its international hotel business, according to The Times. The company, which was founded by high-profile restaurateur Sir Terence Conran, is to open its first hotel in Moorgate, London, next summer and the newspaper reports that D&D is actively looking for a second development in the West End. The aim is to operate at least a dozen boutique hotels in major cities including Paris and New York over the next five to 10 years. The Times reports that D&D is to report a 5% rise in turnover today to £73.7m for the year to the end of March. Underlying earnings were flat at £6.5m, partly due to increased costs linked to its expansion next year. The £50m, 80-room hotel in Moorgate, which the company hopes will be open in time for thew 2012 Olympics, features two restaurants, several bars, private dining and meeting facilities.