The name derives from the location of the original Metropolitan Police headquarters at 4 Whitehall Place, which had a rear entrance on a street called Great Scotland Yard. The Scotland Yard entrance became the public entrance to the police station, and over time the street and the Metropolitan Police became synonymous. "The New York Times" wrote in 1964 that, just as Wall Street gave its name to New York's financial district, Scotland Yard became the name for police activity in London. This building was acquired by hypermarkets operator Lulu Group International in 2015 and redeveloped into a luxury hotel, operated by Hyatt, which opened in December 2019.