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Famed Hôtel de Crillon in Paris up for sale

Famed Hôtel de Crillon in Paris up for sale

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If you have a few hundred million burning a hole in your pocket…

Royalty and leading lights from the worlds of politics and showbusiness have passed through its doors. Now the glitterati are being offered the chance to buy the Paris residence many have called home for the night. The Hôtel de Crillon, one of the world’s landmark hotels, has been put up for sale by its American owner for more than €300m (£262m). Starwood Capital, the investment firm that owns the Crillon, has instructed Eastdil Secured, a property adviser, to find a buyer. The venue, built in 1758 as a government building after being commissioned by Louis XV, is more likely to be sold to a high net-worth individual or a property investor rather than one of the large hotel chains. – From The Times