Originally, Park Lane started as a rustic lane along the boundary of Hyde Park, separated by a brick wall. In the late 18th century, aristocratic residences such as Breadalbane House, Somerset House and Londonderry House emerged.

During the 19th century, improvements to Hyde Park Corner and more accessible views of the park increased the road’s popularity. This led to Park Lane becoming one of London’s most fashionable addresses, attracting the nouveau riche. Prominent residents included the 1st Duke of Westminster at Grosvenor House, the Dukes of Somerset at Somerset House, and Prime Minister Benjamin Disraeli at No. 93. Other notable properties included Dorchester House, Brook House, and Dudley House.

In the 20th century, Park Lane gained renown for its luxury hotels, especially The Dorchester, completed in 1931, which became synonymous with eminent writers and international film stars. Over time, flats, shops and penthouses began to appear.

Despite suffering damage during the Second World War, the road underwent significant development, including the construction of the Park Lane Hotel and the London Hilton on Park Lane, as well as sports car garages.

Today, several properties along Park Lane are owned by wealthy individuals from the Middle East and Asia.