Having seen the opulence of American hotels during his many visits to the United States, Carte decided to build the first luxury hotel in Britain, to attract a foreign clientele as well as British visitors to London. Opened in 1889, the hotel was designed by architect Thomas Edward Collcutt, who also designed the Wigmore Hall. Carte chose the name "Savoy" to commemorate the history of the property. His investors in the venture were, in addition to his relatives, Carl Rosa, George Grossmith, François Cellier, George Edwardes, Augustus Harris and Fanny Ronalds. His friend, the composer Sir Arthur Sullivan, was a shareholder and sat on the board of directors.