Monday 23 December 2024
 
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Saudi investor clinches Paris hotel deal

Groupe du Louvre, a unit of Starwood Capital, said it had sealed a deal to sell the Hotel de Crillon in Paris to a Saudi investor, ending a long-running saga over the fate of one of the world's landmark hotels. The price paid by the bu

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Saudi investors to buy Paris hotel for $354m

US investment group Starwood Capital is about to sell the Hotel de Crillon in Paris, one of the world's landmark hotels, to Saudi investors with ties to the royal family for around 250 million euros ($353.6 million), French daily Le Figaro sai

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